1 Required information SB Exercise 6-14 through Exercise 6-15 (Algo) [The following information applies to the questions displayed below] Chuck Wagon Grills, Incorporated, makes a barbecue grill it sells for $210. Data for last year's operations follow: Units in beginning inventory Units produced -ok Units sold ht 1 ences 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 costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 0 23,200 20,600 2,600 $ 50 80 20 10 $ 160 $ 812,000 309,000 $ 1,121,000 Exercise 6-14 (Algo) Variable Costing Unit Product Cost and Income Statement; Break-Even Analysis [LO6-1, LO6-2] Required: 1. Assume the company uses variable costing. Compute the unit product cost for one barbecue grill. 2. Assume the company uses variable costing. Prepare a contribution format income statement for last year. 3. How many barbecue grills must be sold to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume the company uses variable costing. Compute the unit product cost for one barbecue grill. Unit product cost Required 1 Required 2 >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1
Required information
SB Exercise 6-14 through Exercise 6-15 (Algo)
[The following information applies to the questions displayed below]
Chuck Wagon Grills, Incorporated, makes a barbecue grill it sells for $210. Data for last year's operations follow:
Units in beginning inventory
Units produced
-ok
Units sold
ht
1
ences
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 costs:
Fixed manufacturing overhead
Fixed selling and administrative
Total fixed costs
0
23,200
20,600
2,600
$ 50
80
20
10
$ 160
$ 812,000
309,000
$ 1,121,000
Exercise 6-14 (Algo) Variable Costing Unit Product Cost and Income Statement; Break-Even Analysis
[LO6-1, LO6-2]
Required:
1. Assume the company uses variable costing. Compute the unit product cost for one barbecue grill.
2. Assume the company uses variable costing. Prepare a contribution format income statement for last year.
3. How many barbecue grills must be sold to break even?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Assume the company uses variable costing. Compute the unit product cost for one barbecue grill.
Unit product cost
Required 1
Required 2 >
Transcribed Image Text:1 Required information SB Exercise 6-14 through Exercise 6-15 (Algo) [The following information applies to the questions displayed below] Chuck Wagon Grills, Incorporated, makes a barbecue grill it sells for $210. Data for last year's operations follow: Units in beginning inventory Units produced -ok Units sold ht 1 ences 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 costs: Fixed manufacturing overhead Fixed selling and administrative Total fixed costs 0 23,200 20,600 2,600 $ 50 80 20 10 $ 160 $ 812,000 309,000 $ 1,121,000 Exercise 6-14 (Algo) Variable Costing Unit Product Cost and Income Statement; Break-Even Analysis [LO6-1, LO6-2] Required: 1. Assume the company uses variable costing. Compute the unit product cost for one barbecue grill. 2. Assume the company uses variable costing. Prepare a contribution format income statement for last year. 3. How many barbecue grills must be sold to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume the company uses variable costing. Compute the unit product cost for one barbecue grill. Unit product cost Required 1 Required 2 >
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