Question
For Practice Only: Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier
For Practice Only: 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 26 closures on hand on May 1, 21 closures on May 31, and 25 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,500 per month, and variable manufacturing overhead is $2.50 per unit produced.
1.Determine Shadee's budgeted cost of closures purchased for May and June.(Round your answers to 2 decimal places.)
Budgeted Cost of Closures Purchased
May =
June =
2.Determine Shadee's budget manufacturing overhead for May and June.(Do not round your intermediate values. Round your answers to 2 decimal places.)
Budgeted Manufacturing Overhead:
May=
June=
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