Please use formulas!

1 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: 2 3 Selling price per fireplace 4Manufacturing costs: 5 V 6 Direct materials 7 Direct labor 8Variable manufacturing overhead $420 ariable per unit produced $135 $43 $37 $210,000 Fixed manufacturing overhead per year 10 Selling and administrative expenses 11 Variable per unit sold 12 Fixed per year 13 14 Units in beginning inventory 15 Units produced during the year 16 Units sold during the year 17 18 Use the data to answer the following 19 20 1. Assume the company uses variable costing: 21 22 Compute the unit product cost for one fireplace 23 24 Prepare a contribution margin income statement for the year $45 $190,000 0 5,000 4,500