Required information SB Exercise 6-14 through Exercise 6-15 (Static) (The following information applies to the questions displayed below.] Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $210. Data for last year's operations follow: 20,000 19,000 1,000 $ 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 cost Faxed manufacturing overhead Pixed selling and administrative Total fixed costs 50 BO 20 10 160 $ $ 700,000 285,000 $ 985,000 Assume that the company uses variable costing. Prepare a contribution format income statement for last year. $ 3,990,000 Chuck Wagon Grills, Inc. Variable Costing Income Statement Sales Variable expenses: Beginning merchandise inventory 0 Fixed manufacturing overhead 3,700,000 Ending merchandise inventory 185,000 Variable cost of goods sold Contribution margin 3,885,000 105,000 Administrative expenses Variable selling and administrative expenses Net operating income 0 $ 105,000