Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 54,300 units will...
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Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 54,300 units will be produced with the following total costs: Direct materials 7 Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $123,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Beginning Ending Direct materials Inventory $4,000 $3,900 Required: $64,000 16,000 200,000 Bob's Bistro expects to produce 54,300 units and sell 53,600 units. Beginning inventory of finished goods is $43,500, and ending inventory of finished goods is expected to be $35,000. Work-in-Process Inventory $11,400 $13,400 Sold For the Coming Year 1. Prepare a statement of cost of goods sold in good form. Bob's Bistro Statement of Cost of Goods 2. What if the beginning inventory of finished goods increased by $5,750? What would be the effect on the cost of goods sold? by s Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 54,300 units will be produced with the following total costs: Direct materials 7 Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $123,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Beginning Ending Direct materials Inventory $4,000 $3,900 Required: $64,000 16,000 200,000 Bob's Bistro expects to produce 54,300 units and sell 53,600 units. Beginning inventory of finished goods is $43,500, and ending inventory of finished goods is expected to be $35,000. Work-in-Process Inventory $11,400 $13,400 Sold For the Coming Year 1. Prepare a statement of cost of goods sold in good form. Bob's Bistro Statement of Cost of Goods 2. What if the beginning inventory of finished goods increased by $5,750? What would be the effect on the cost of goods sold? by s
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Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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