Question: Please finish this in the format given (for example A5+A6 as a answerr instead of the number Compute the number of fireplaces required to break
Compute the number of fireplaces required to break even 2. Assume the company uses absorption costing: Compute the unit product cost for one fireplace Prepare an income statement for the year Sales Cost of eoods sold Gross margin Selling and administrative expenses Net operating income Was fixed overhead deferred to or released from inventory? 55 Fixed overhead was: Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: Selling price per fireplace $420 Manufacturing costs: Variable per unit produced: \begin{tabular}{lr} Direct materials & $135 \\ \hline Direct labor & $43 \\ \hline Variable manufacturing overhead & $37 \\ \hline Fixed manufacturing overhead per year & $210,000 \end{tabular} Selling and administrative expenses: Variable per unit sold Fixed per year $45 Units in beginning inventory Units produced during the year Units sold during the year Required: Use the data to answer the following
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