Shadee Corporation expects to sell 620 sun shades in May and 300 in June. Each shade...
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Shadee Corporation expects to sell 620 sun shades in May and 300 in June. Each shade sells for $143. Shadee's beginning and ending finished goods inventories for May are 70 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $14 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of goods sold for May and June. Note: Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places. May June Budgeted Cost of Goods Sold $ 70,785.00 $ 36,855.00 < Required 1 Required 2 > Shadee Corporation expects to sell 620 sun shades in May and 300 in June. Each shade sells for $143. Shadee's beginning and ending finished goods inventories for May are 70 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $14 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of goods sold for May and June. Note: Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places. May June Budgeted Cost of Goods Sold $ 70,785.00 $ 36,855.00 < Required 1 Required 2 >
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Answer Budgeted Manufacturing Cost per Shade Direct materials per shade 4500 including 4 poles at 10... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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