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Chuck Wagon Grills, Incorporated, makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in
Chuck Wagon Grills, Incorporated, makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Total variable cost per unit Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs e 26,400 22,200 4,200 $ 50 80 20 10 $ 160 $ 924,000 333,000 $ 1,257,000 Exercise 6-14 (Algo) Variable Costing Unit Product Cost and Income Statement; Break-Even Analysis [LO6-1, LO6-2] Required: 1. Assume that the company uses variable costing. Compute the unit product cost for one barbecue grill. 2. Assume that the company uses variable costing. Prepare a contribution format income statement for last year. 3. What is the company's break-even point in terms of the number of barbecue grills sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that the company uses variable costing. Compute the unit product cost for one barbecue grill. Unit product cost Required 1 Required 2 > Required information Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution format income statem Chuck Wagon Grills, Incorporated Variable Costing Income Statement 0 + 0 < Required 1 0 $ Required 3 > Required 1 Required 2 Required 3 What is the company's break-even point in terms of the number of barbecue grills sold? Break-even point units < Required 2 Required 3>
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