Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ALL ONE QUESTION 6 PARTS THANKS!! Required information (The following information applies to the questions displayed below.) Shadee Corp. expects to sell 610 sun visors

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedALL ONE QUESTION 6 PARTS THANKS!!

Required information (The following information applies to the questions displayed below.) Shadee Corp. expects to sell 610 sun visors in May and 310 in June. Each visor sells for $18. Shadee's beginning and ending finished goods inventories for May are 80 and 45 units, respectively. Ending finished goods inventory for June will be 65 units. Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 32 closures on hand on May 1, 21 closures on May 31, and 24 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $2.50 per unit produced. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) May June Budgeted Cost of Closures Purchased Required 1 Required 2 Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round y answers to 2 decimal places.) May June Budgeted Manufacturing Overhead Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 32 closures on hand on May 1, 21 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $6 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.) 2. Compute the 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 Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) May June Budgeted Cost of Goods Sold

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Software Licence Compliance Survive The Audits

Authors: R. Concessao

1st Edition

1539161560, 978-1539161561

More Books

Students also viewed these Accounting questions

Question

9. Describe the characteristics of power.

Answered: 1 week ago

Question

10. Describe the relationship between communication and power.

Answered: 1 week ago