Required information [The following information applies to the questions displayed below.] 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 20,000 19,000 1,000 $ 50 80 20 10 $ 160 $ 700,000 285,000 $ 985,000 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 information Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution for Chuck Wagon Grills, Incorporated Variable Costing Income Statement $ 3,990,000 Sales Variable expenses: Variable cost of goods sold Variable selling and administrative expenses Fixed manufacturing overhead Fixed selling and administrative expenses Net operating income 0 3,990,000 0 $ 3,990,000