$ 63 35 16 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 $ 126 points (8 02:25:24 $268,800 585. eee $773.8ee Required: 1. Assume that the company uses absorption costing Compute the unit product cost for one barbecue grill 2. Assume that the company uses absorption costing Prepare an income statement for last year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company uses absorption costing. Prepare an income statement for last year. Chuck Wagon Grills, Inc. Absorption Costing Income Statement Net operating income (oss) S Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $215. Data for last year's operations follow 3 02:25.01 9,600 9,800 600 63 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 12 16 126 5 $268.800 5e5,800 $773,800 Required: 1. Assume that the company uses absorption costing Compute the unit product cost for one barbecue grill. 2. Assume that the company uses absorption costing Prepare an income statement for last year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company uses absorption costing. Prepare an income statement for last year. Chuck Wagon Grills, Inc. Absorption Costing Income Statement