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I got some wrong answers if you could please help me correct those. Thanks! Each visor requires a total of $5.00 in direct materials that
I got some wrong answers if you could please help me correct those. Thanks!
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 $1.50 each. Shadee wants to have 28 closures on hand on May 1.22 closures on May 31 , and 24 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $6 per hour. Additional information: - Selling costs are expected to be 8 percent of sales. - Fixed administrative expenses per month total $1,300. Reculred: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is \$3.00.) (Do not round your Intermedlate calculations. Round your answers to 2 decimal places.) Requlred Informetion The following informantion appies to the questions displayed below] Shadee Corp. expects to tel 590 sun visors in May and 410 in June. Each visor sells for $21. Shadee's beginning and ending finished goods invemories for May are 65 and 45 units, respectively. Ending finished goods imventory for June will be 55 units. Each visor requires o total of 55.00 in direct meterials that includes an adjustabie ciosure that the compary purchases from a supplief st a cost of $1.50 each. Shadee wants to have 28 closures on hand on May 1, 22 ciosures on Msy 31 , and 24 ciosures on June 30 and yariable manufacturing overhead is $100 per unit produced. Suppose that each visor tokes 0.80 direct labor hours to produce and Shadee payt its workers $6 per hour. Additional information: - Selling costs are expected to be percent of sales. - Fixed administrative expenses per month total $1,300 Required: Complete Shadee's budgeted income statement for the months of Moy and June. (Note Assume that fixed overhead per unit is $300 ) Do not round your Intermedlete colculations. Round your enswers te 2 decimel places.) Step by Step Solution
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