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Exercise 6-14 Variable Costing Unit Product Cost and Income Statement; Break-Even Analysis (L06-1, LO6-2] Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue

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Exercise 6-14 Variable Costing Unit Product Cost and Income Statement; Break-Even Analysis (L06-1, LO6-2] Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $200. Data for last year's operations follow: 10,400 8,100 2,300 $ 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 80 29 10 30 $ 140 $ 190,000 350,000 $ 540,000 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 Assume that the company uses variable costing. Prepare a contribution format income statement for last year. Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution format income statement for last ye Chuck Wagon Grills, Inc. Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold Variable selling and administrative expenses 0 0 Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses Administrative expenses 0 0 $ Net operating loss Fixed costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs $ 190,000 350,000 $ 540,000 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 ye. 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 What is the company's break-even point in terms of the number of barbecue grills sold? Break-even point units

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