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Chuck Wagon Grills Inc makes a single product - a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow:
Chuck Wagon Grills Inc makes a single product - a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow:
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Information P Flag question Chuck Wagon Grills Inc makes a single product - a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: o 20,000 Units in beginning inventory Units produced Units sold Units In ending Inventory Variable costs per unit: 19,000 1,000 Direct materials $50 Direct labor 80 20 10 $160 Variable manufacturing overhead Variable selling and administrative Total Variable cost per unit Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs $700,000 285,000 985,000 Question 1 Not complete Marked out of 1.00 P Flag question 1. Assume that the company uses variable costing. Compute the unit product cost for one barbecue grill. Answer: Check Question 2 Not yet answered Marked out of 1.00 Flag question 2. Assume that the company uses variable costing. Prepare a contribution format income statement for last year. Question 3 Not complete Marked out of 1.00 P Flag question Sales Answer: Check Question 4 Not complete Marked out of 1.00 P Flag question Variable cost of goods sold Answer: Check Question 5 Not complete Marked out of 1.00 P Flag question Variable selling and administrative expenses Answer: Check Question 6 Not complete Marked out of 1.00 P Flag question Total variable expense Answer: Check Question 7 Not complete Marked out of 1.00 Flag question Contribution margin Answer: Check Question 8 Not complete Marked out of 1.00 P Flag question Net operating income (indicate negative if loss) Answer: Check Question 9 Not complete Marked out of 1.00 Flag question 3. What is the company's break-even point in terms of the number of barbecue grill sold? Answer: Check
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