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Andrews Company manufactures a line of office chairs. Each chair takes $20 of direct materials...

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Accounting

Andrews Company manufactures a line of office chairs. Each chair takes $20 of direct materials and uses 1.9 direct labor hours at $18 per direct labor hour. The variable overhead rate is $1.10 per direct labor hour and the fixed overhead rate is $1.40 per direct labor hour. Andrews expects to have 630 chairs in ending inventory. There is no beginning inventory of office chairs. Required:

1. Calculate the unit product cost. (Note: Round to the nearest cent.)

$

2. Calculate the cost of budgeted ending inventory. (Note: Round to the nearest dollar.)

$

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