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answer 1,2 SB Exercise E8-5 to E8-10 The following information applies to the questions displayed below! Shadee Corp expects to sell 550 sun visors in
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SB Exercise E8-5 to E8-10 The following information applies to the questions displayed below! Shadee Corp expects to sell 550 sun visors in May and 420 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June will be 55 units E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50 each. Shadee wants to have 26 closures on hand on May 1, 23 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $175 per unit produced. Suppose that each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $6 per hour Required: 1. Deterinine Shadee's budgeted manufacturing cost per visor (Note: Assume that fixed overhead per unit is $7) 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 Determine Shadee's budgeted manufacturing cost per visor (Note: Assume that fixed overhead per unit is $7) (Round your answer to 2 decimal places) Manufacturing Cost per un JULIE [The following information applies to the questions displayed below) Shadee Corp. expects to sell 550 sun visors in May and 420 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June w be 55 units E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from as at a cost of $2.50 each. Shadee wants to have 26 closures on hand on May 1, 23 closures on May 31, and 21 closures on June variable manufacturing overhead is $1.75 per unit produced, Suppose that each visor takes 0.70 direct labor hours to produce 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 $7) 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 Required 2 Compute the studee's budgeted cost of goods sold for May and Juno. (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
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