Cost of Goods Manufactured Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $116,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Work-in-Process Inventory $12,200 $14,200 Beginning Ending Required: Inventory $4,000 $3,900 Direct materials $53,000 19,000 240,000 1. Prepare a statement of cost of goods manufactured Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year

Required information   Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,200 units (solar panels) in July and 4,600 units in August. Each unit requires 4 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials inventory equal to 40% of the next month’s direct materials requirement. As of June 30, the company has 6,720 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July.         MIAMI SOLAR Direct Materials Budget For Month Ended July 31 Budget production (units) 4,200     Materials needed for production (lbs.)       Total materials requirements (lbs.)       Materials to be purchased (lbs.)       Budgeted cost of direct materials purchases

Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $18 per direct labor hour. The variable overhead rate is $1.00 per direct labor hour, and the fixed overhead rate is $1.70 per direct labor hour. Andrews expects to have 670 chairs in ending inventory. There is no beginning inventory of office chairs. Required: 1. Calculate the unit product cost. Round your answer to the nearest cent.$fill in the blank 1 2. Calculate the cost of budgeted ending inventory. Round your answer to the nearest dollar.$fill in the blank 2

Allison Manufacturing produces a subassembly used in the production of jet aircraft engines. The assembly is sold to engine manufacturers and aircraft maintenance facilities. Projected sales in units for the coming 5 months follow: January 40,000     February 50,000     March 60,000     April 60,000     May 62,000     The following data pertain to production policies and manufacturing specifications followed by Allison Manufacturing: Finished goods inventory on January 1 is 32,000 units, each costing $166.06. The desired ending inventory for each month is 80% of the next month's sales. The data on materials used are as follows: Direct Material Per-Unit Usage DM Unit Cost ($) Metal 10 lbs.   8 Components 6   5 Inventory policy dictates that sufficient materials be on hand at the end of the month to produce 50% of the next month's production needs. This is exactly the amount of material on hand on December 31 of the prior year. The direct labor used per unit of…