Question
Hi, I seem to be having trouble with number 5 on my accounting 4B homework. Any help would be greatly appreciated. I have included the
Hi, I seem to be having trouble with number 5 on my accounting 4B homework. Any help would be greatly appreciated. I have included the information that should be needed to solve the problem. Thank you.
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 620 sun visors in May and 330 in June. Each visor sells for $16. Shadees beginning and ending finished goods inventories for May are 85 and 45 units, respectively. Ending finished goods inventory for June will be 50 units.
5. value: 1.00 points
Required information
Each visor requires a total of $5.50 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 33 closures on hand on May 1, 20 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $1.50 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 $1.60.) (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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