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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
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 0 Units produced 26,000 Units sold 22,000 Units in ending inventory 4,000 Variable costs per unit: Direct materials $ 50 Direct labor Variable manufacturing overhead 10 Variable selling and administrative Total variable cost per unit $ 160 Pixed costs: Fixed manufacturing overhead $ 910,000 330,000 Fixed selling and administrative Total fixed costs $ 1,240,000 80 20 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: 0 26,000 22,000 4,000 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 $ 910,000 330,000 $ 1,240,000 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
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