Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for...
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Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $200. Data for last year's operations follow: Units in beginning inventory Units produced e 10,000 Units sold 8,500 Units in ending inventory 1,500 I Variable costs per unit: Direct materials $ 60 Direct labor 40 Variable manufacturing overhead Variable selling and administrative 10 30 Total variable cost per unit Fixed costs: $ 140 Fixed manufacturing overhead Fixed selling and administrative $ 170,000 160,000 Total fixed costs $ 330,000 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. 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. Compute the unit product cost for one barbecue grill. Unit product cost Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution format income statement for last year Chuck Wagon Grills, Inc. Variable Costing Income Statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's break-even point in terms of the number of barbecue grills sold? Break-even point units < Required 2 Required 3 > Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $200. Data for last year's operations follow: Units in beginning inventory Units produced e 10,000 Units sold 8,500 Units in ending inventory 1,500 I Variable costs per unit: Direct materials $ 60 Direct labor 40 Variable manufacturing overhead Variable selling and administrative 10 30 Total variable cost per unit Fixed costs: $ 140 Fixed manufacturing overhead Fixed selling and administrative $ 170,000 160,000 Total fixed costs $ 330,000 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. 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. Compute the unit product cost for one barbecue grill. Unit product cost Required 1 Required 2 Required 3 Assume that the company uses variable costing. Prepare a contribution format income statement for last year Chuck Wagon Grills, Inc. Variable Costing Income Statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's break-even point in terms of the number of barbecue grills sold? Break-even point units < Required 2 Required 3 >
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Ans 1 Ans 2 In variable costing method the unit product cost is the sum of only variable manufacturi... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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