I do not understand why this answer is wrong, I reran the numbers about 4 times and used the same steps for June as well. Also, all of my answers up to this point have been correct.
Module 9 Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 Line following Information applies to the questions displayed below.J Shadee Corp. expects to sell 630 sun visors in May and 410 in June. Each visor sells for $27. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 55 units. Part 5 of 6 E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] 1 points 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 29 closures on hand on May 1, 18 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 $2.25 per unit produced. Each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $11 per hour. Additional information: . Selling costs are expected to be 7 percent of sales. . Fixed administrative expenses per month total $1,500. 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.) x Answer is complete but not entirely correct. May June Budgeted Selling and Administrative Expenses 2,671.80 X $ 2,274.90QUESTION #2 Shadee Corp. expects to sell: each visor sells for 27.00 630 sun visors in May 410 sun visors in June Beg. &. end. Finished goods inventory 65 55 May 55 June A) DETERMINE SHADEE'S BUDGETED TOTAL SALES FOR MAY AND JUNE EQUATION: EXPECTED SALES UNITS * SELLING PRICE PER UNIT May June (=) BUDGETED TOTAL SALES Budgeted Total Sales $ 17,010.00 $ 11,070.00 B) DETERMINE SHADEE'S BUDGETED PRODUCTION IN UNITS FOR MAY AND JUNE EXPECTED SALES UNITS May June EQUATION: (+) ENDING FINISHED GOODS INV. UNITS Budgeted Production (units) 620 410 (-) BEGINNING FINISHED GOOD INV. UNITS (=) BUDGETED PRODUCTION IN UNITS QUESTION #3 Each visor requires: 5.00 in DM, which includes: 2.00 adjustable closure that the company purchases from a supplier Shadee wants to have: (on hand) Additionally, Shadee's 29 closures on May 1st fixed MOH $ 1,500.00 per month 18 closures on May 31st variable MOH S 2.25 per unit produced 25 closures on June 30th A) DETERMINE SHADEE'S BUDGETED COST OF CLOSURES PURCHASED FOR MAY AND JUNE May June Budgeted Cost of Closures Purchased = Budgeted Prod. (units) 620 410 (+) end. Closures inv. 18 25 (-) beg. Closures inv. 29 18 budget. closures purch 609 417 cost of closure per unit $ 2.00 $ 2.00 $ 1,218.00 $ 834.00B) DETERMINE SHADEE'S BUDGET MOH FOR MAY AND JUNE May June Budgeted MOH = budgeted prod. Unit (A) 620 410 fixed MOH $ 1,500.00 $ 1,500.00 ((A) * Variable MOH $ =) variable MOH $ 1,395.00 $ 922.50 Total MOH $ 2,895.00 $ 2,422.50 QUESTION #4 Suppose that each visor takes: A) Determine Shadee's budgeted DL cost for May and June 0.4 DL hours to produce May June $ 11.00 per hour is employee wage Budgeted DL Cost (=) $ 2,728.00 $ 1,804.00 DL hours *bud. Prod. Unit 248 164 * employee wage $ 11.00 $ 11.00 QUESTION #5 All information needed is provided above A) Determine Shadee's budgeted manufacturing cost per visor, assuming fixed MOH/ unit= $ 7.00 Manu. Cost per Unit = 5.00 (+) Direct Materials 4.40 (+) Direct Labor 2.25 (+) Variable MOH 7.00 (+) Fixed MOH 18.65 B) COMPUTE THE SHADEE'S BUDGETED COGS FOR MAY AND JUNE May June BUDGETED COGS = (exp. Sale un) 630 410 *(Manu Cost/U) $ 18.65 $ 18.65 $ 11,749.50 $ 7,646.50 QUESTION #6 Additional Information: selling costs 7% of sales 1171.8 Fixed admin. Expenses/ month $ 1,500.00 2671.8 May June 1171.8UESTION #6 Additional Information: elling costs 7% of sales 1171.8 ixed admin. Expenses/ month $ 1,500.00 2671.8 May June 1171.8 budgeted selling and admin. expenses = units to be sold 620 410 unit selling price 27.00 27.00 budgeted sales revenue 16,740.00 $ 11,070.00 variable selling cost 1,171.80 774.90 fixed administrative expense 1,500.00 $ 1,500.00 2,671.80 $ 2,274.90
