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l Shadee Corporation expects to sell 560 sun shades in May and 350 in June. Each shade sells for $159. Shadee's beginning and ending finished
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Shadee Corporation expects to sell 560 sun shades in May and 350 in June. Each shade sells for $159. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1,80 poles in inventory on May 31, and 120 poles in inventory on June 30 . Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally. Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $18.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $18. ) Note: Round your answer to 2 decimal places. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $18. ) Note: Round your answer to 2 decimal places. Determine Shadee's budgeted cost of goods sold for May and June. Note: Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places Step by Step Solution
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