Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help! thank u :) Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun visors in

please help! thank u :) image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun visors in May and 430 in June. Each visor sells for $28. Shadee's beginning and ending finished goods inventories for May are 75 and 40 units, respectively. Ending finished goods inventory for June will be 55 units. Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a suppliei at a cost of $2.50 each. Shadee wants to have 28 closures on hand on May 1,17 closures on May 31 , and 25 closures on June 30 . Additionally. Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $1.00 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. Complete this question by entering your answers in the tabs below. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun visors in May and 430 in June, Each visor sells for $28. Shadee's beginning and ending finished goods inventories for May are 75 and 40 units, respectively. Ending finished goods inventory for June will be 55 units. 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 28 closures on hand on May 1,17 closures on May 31 , and 25 closures on June 30. Additionally. Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $1.00 per unit oroduced. 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. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Patient Care Audit Criteria

Authors: Jean Gayton Carroll

1st Edition

0870943928, 978-0870943928

More Books

Students also viewed these Accounting questions