Just 1 question with different items. Thank you
Shadee Corp. expects to sell 580 sun visors in May and 360 in June. Each visor sells for $29. Shadee's beginning and ending finished goods inventories for May are 70 and 60 units, respectively, Ending finished goods inventory for June will be 50 units. E8-6 (Algo) Preparing Direct Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e) 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 27 closures on hand on May 1, 19 closures on May 31, and 27 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $2.00 per unit produced Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June. Shadee Corp. expects to sell 580 sun visors in May and 360 in June. Each visor sells for $29. Shadee's beginning and ending finished goods inventories for May are 70 and 60 units, respectively. Ending finished goods inventory for June will be 50 units. E8-7 (Algo) Preparing Direct Labor Budget (LO 8-3d] Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $8 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.) May June Budgeted Direct Labor Cost Shadee Corp. expects to sell 580 sun visors in May and 360 in June. Each visor sells for $29. Shadee's beginning and ending finished goods inventories for May are 70 and 60 units, respectively. Ending finished goods Inventory for June will be 50 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] 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 27 closures on hand on May 1, 19 closures on May 31, and 27 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $8 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $8.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Shadee Corp. expects to sell 580 sun visors in May and 360 in June. Each visor sells for $29. Shadee's beginning and ending finished goods inventories for May are 70 and 60 units, respectively. Ending finished goods inventory for June will be 50 units. E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] 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 27 closures on hand on May 1, 19 closures on May 31, and 27 closures on June 30. Additionally. Shadee's fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $2.00 per unit produced. Each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information: Selling costs are expected to be 6 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.) May June Budgeted Selling and Administrative Expenses Shadee Corp. expects to sell 580 sun visors in May and 360 In June. Each visor sells for $29. Shadee's beginning and ending finished goods Inventortes for May are 70 and 60 units, respectively. Ending finished goods Inventory for June will be 50 units E8-10 (Algo) Preparing Budgeted Income Statement [LO 8-3h] 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 27 closures on hand on May 1, 19 closures on May 31 and 27 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.66 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional Information: Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1,500. Required: Complete Shadee's budgeted Income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $8.00.) (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP. Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income
