Solution-Compute the unit product cost for one barbecue

Compute the unit product cost for one barbecue grill

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Question - Chuck Wagon Grills, Inc., makes a single product-a handmade specialty barbecue grill that it sells for $200. Data for last year's operations follow:

Units in beginning inventory	0
Units produced	9,700
Units sold	8,300
Units in ending inventory	900
Variable costs per unit:
Direct materials	$80
Direct labor	20
Variable manufacturing overhead	10
Variable selling and administrative	30
Total variable cost per unit	$140
Fixed costs:
Fixed manufacturing overhead	$180,000
Fixed selling and administrative	150,000
Total fixed costs	$330,000

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 the year.

3. What is the company's break-even point in terms of the number of barbecue grills sold?

Reference no: EM132480678

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Compute the unit product cost for one barbecue grill

Reference no: EM132480678

Reference no: EM132480678

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