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Chuck Wagon Grills, Inc, makes a single product-a handmade speciality barbecue grill that it sells for $210. Data for last year's operations follow 20.000 19.000
Chuck Wagon Grills, Inc, makes a single product-a handmade speciality barbecue grill that it sells for $210. Data for last year's operations follow 20.000 19.000 1.000 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costa per unit: Direet materials Direct labor Variable manufacturing Overhead Variable selling and administrative Total variable cost per 20 10 $ 160 $700,000 Tixed costa Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 285,000 $985,000 Required: 1. Assume that the company uses absorption costing Compute the unit product cost for one barbecue grill 2. Assume that the company uses absorption costing. Prepare an income statement for last year. Complete this question by entering your answers in the tabs below. Required Required Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. Unit product Required 1 Required 2 >
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