EXERCISE 6-14 Variable Costing Unit Product Cost and Income Statement; Break-Even |L06- 1, L06-27 Chuck Wagon Grills, Inc., makes a single producta handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: Units in beginning inventory Units produced 20,000 Units sold 19,000 Units in ending inventory 1,000 Variable costs per unit: Direct materials $ 50 Direct labor Variable manufacturing overhead. Variable selling and administrative 10 Total variable cost per unit.... $160 Fixed costs: Fixed manufacturing overhead $700,000 Fixed selling and administrative 285,000 Total fixed costs .... $985,000 80 20 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 the year. 3. What is the company's break-even point in terms of the number of barbecue grills sold