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azlo Company manufactures a line of table lamps. Each lamp takes $5.00 of direct materials and uses 0.9 direct labor hour at $18.00 per direct labor hour. The variable overhead rate is $1.00 per direct labor hour and the fixed overhead rate is $2.00 per direct labor hour. Lazlo expects to produce 16,000 lamps next year and expects to have 830 lamps in ending inventory. There is no beginning inventory of table lamps. Prepare a cost of goods sold budget for Lazlo Company. Enter all amounts as positive numbers.

azlo Company manufactures a line of table lamps. Each lamp takes $5.00 of direct materials and uses 0.9 direct labor hour at $18.00 per direct labor hour. The variable overhead rate is $1.00 per direct labor hour and the fixed overhead rate is $2.00 per direct labor hour. Lazlo expects to produce 16,000 lamps next year and expects to have 830 lamps in ending inventory. There is no beginning inventory of table lamps. Prepare a cost of goods sold budget for Lazlo Company. Enter all amounts as positive numbers.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Lazlo Company manufactures a line of table lamps. Each lamp takes $5.00 of direct materials and uses 0.9 direct labor hour at $18.00 per direct labor hour. The variable overhead rate is $1.00 per direct labor hour and the fixed overhead rate is $2.00 per direct labor hour. Lazlo expects to produce 16,000 lamps next year and expects to have 830 lamps in ending inventory. There is no beginning inventory of table lamps. Prepare a cost of goods sold budget for Lazlo Company. Enter all amounts as positive numbers.

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