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Please show work. Thank you! Required information (The following information applies to the questions displayed below.) Chuck Wagon Grills, Inc., makes a single product-a handmade
Please show work. Thank you!
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 26,800 22,400 4,400 $ 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 $ 938,000 336,000 $1,274,000 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? Required 1 Required 2 Required 3 Assume that the company uses variable cos Unit product cost Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution forn 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 0 Net operating income $ 0 Required 1 Required 2 Required 3 What is the company's break-even point in terms Break-even point unitsStep by Step Solution
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