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Prepare a cost of goods sold budget for Andrews Company

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Reference no: EM132873293

Problem - 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 produce 20,000 chairs next year and expects to have 675 chairs in ending inventory. There is no beginning inventory of office chairs.

Required - Prepare a cost of goods sold budget for Andrews Company.

Reference no: EM132873293

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