Question
Ch 8 HW instructions | help [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 530 sun visors in May
Ch 8 HW | instructions | help |
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 530 sun visors in May and 450 in June. Each visor sells for $17. Shadees beginning and ending finished goods inventories for May are 75 and 55 units, respectively. Ending finished goods inventory for June will be 60 units.
11.
value: 1.00 points
Required information
Required: 1. Determine Shadee's budgeted total sales for May and June. 2. Determine Shadee's budgeted production in units for May and June.
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12.
value: 1.00 points
Required information
Each visor requires a total of $5.00 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 31 closures on hand on May 1, 15 closures on May 31, and 24 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $2.25 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.)
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13.
value: 1.00 points
Required information
Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $6 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.)
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14.
value: 1.00 points
Required information
Each visor requires a total of $5.00 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 31 closures on hand on May 1, 15 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $6 per hour. Required: 1. Determine Shadees budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.70.) (Round your answer to 2 decimal places.) 2. Compute the Shadees budgeted cost of goods sold for May and June. (Do not round your intermediate values. Use rounded cost per unit in intermediate calculations.)
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Hint #1
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15.
value: 1.00 points
Required information
Each visor requires a total of $5.00 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 31 closures on hand on May 1, 15 closures on May 31, and 24 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $2.25 per unit produced. Each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $6 per hour. Additional information:
Selling costs are expected to be 9 percent of sales.
Fixed administrative expenses per month total $1,600.
Required: Determine Shadee's budgeted selling and administrative expenses for May and June. (Do not round your intermediate calculations. Round your answers to 2 decimal places.)
Hints
References
eBook & Resources
Hint #1
Check my work
16.
value: 1.00 points
Required information
Each visor requires a total of $5.00 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 31 closures on hand on May 1, 15 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $6 per hour. Additional information:
Selling costs are expected to be 9 percent of sales.
Fixed administrative expenses per month total $1,600.
Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $1.70.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)
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