Question
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $16 of direct materials and uses 1.9
Preparing a Cost of Goods Sold Budget
Andrews Company manufactures a line of office chairs. Each chair takes $16 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 $1.30 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 730 chairs in ending inventory. There is no beginning inventory of chairs.
Required:
Prepare a cost of goods sold budget for Andrews Company. Round your answers to the nearest dollar.
Andrews Company | |
Cost of Goods Sold Budget | |
For the Coming Year | |
$fill in the blank 2 | |
fill in the blank 4 | |
fill in the blank 6 | |
fill in the blank 8 | |
$fill in the blank 10 | |
fill in the blank 12 | |
$fill in the blank 14 |
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