Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of dire...

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Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each charake 14 of direct materia

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Answer 1

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Cost of goods sold Budget

Direct material	280000
Direct labor (200001.920)	760000
variable overhead (200001.91.2)	45600
Fixed overhead (200001.91.6)	60800
Total manufacturing cost	1146400
Less; Ending inventory (1146400*600/20000)	-34392
Cost of goods sold	1112008

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Answer 2

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