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Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $220. Data for last year's operations follow: Units
Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $220. Data for last year's operations follow: Units in beginning inventory Units produced Units sold Units in ending inventory 10,200 9,300 900 Variable costs per unit: Direct materials $ 62 Direct labor 40 Variable manufacturing overhead 10 Variable selling and administrative 17 Total variable cost per unit $ 129 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs $ 336,600 520,000 $ 856,600 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 1 Required 2 Assume that the company uses absorption costing. Compute the unit product cost for one barbecue grill. Unit product cost Required 1 Required 2 >
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