Question: only need help on number 2 Required information [The following information applies to the questions displayed below.) Chuck Wagon Grills, Incorporated, makes a single product-a



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 costa: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 0 20,400 19,200 1,200 $50 80 20 10 $160 $ 714,000 288,000 $ 1,002,000 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. 2 What in the commande bronk nuen naint in torme of the number of bathanin rille ald). 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. Answer is complete but not entirely correct. 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, Incorporated Variable Costing Income Statement Sales Variable expenses Variable cost of goods sold Variable selling and administrative expenses Fixed selling and administrative expenses Contribution margin 100 2,880,000 192,000 4,032,000 3,072,000 960,000 Assume that the company uses variable costing. Prepare a contribution format income statement for last year. Chuck Wagon Grills, Incorporated Variable Costing Income Statement Sales Variable expenses: Variable cost of goods sold Variable selling and administrative expenses Fixed selling and administrative expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses Administrative expenses Net operating loss S >> $ 2,880,000 192,000 $ 714,000 288,000 Required 1. $ 4,032,000 3,072,000 960,000 1,002,000 $ (42,000) Required 3>
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