Andrews Company manufactures a line of office chairs. Each chair takes $ 14 of direct materials and

Question:

Andrews Company manufactures a line of office chairs. Each chair takes $ 14 of direct materials and uses 1.9 direct labor hours at $ 16 per direct labor hour. The variable overhead rate is $ 1.20 per direct labor hour and the fixed overhead rate is $ 1.60 per direct labor hour. Andrews expects to have 675 chairs in . There is no beginning inventory of office chairs.
Required:
1. Calculate the unit product cost.
2. Calculate the cost of budgeted . Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...