O Required information [The following information applies to the questions displayed below.] 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: 0 22,000 20,000 2,000 $ 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 50 80 20 10 $ 160 $ 770,000 300,000 $1,070,000 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 yea Chuck Wagon Grills, Inc. Variable Costing Income Statement $ 4,200,000 Sales Variable expenses: Variable selling and administrative expenses Variable cost of goods sold $ 200,000 200,020 400,020 3,799,980 Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses 0 Net operating loss $ 3,799,980