Baird Manufacturing Company expects to make 30,300 chairs during the Year 1 accounting period. The company made
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Question:
Baird Manufacturing Company expects to make 30,300 chairs during the Year 1 accounting period. The company made 4,200 chairs in January. Materials and labor costs for January were $16,000 and $24,500, respectively. Baird produced 1,000 chairs in February. Material and labor costs for February were $9,900 and $13,200, respectively. The company paid the $696,900 annual rental fee on its manufacturing facility on January 1, Year 1. The rental fee is allocated based on the total estimated number of units to be produced during the year.
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