Required: 1. Determine Shadee's budgeted total sales for May and June. 2. Determine Shadee's budgeted production in units for May and June.

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Hint #1

WorksheetLearning Objective: 08-03a Prepare the following components of the operating budget: Sales budget.

Difficulty: 2 MediumLearning Objective: 08-03b Prepare the following components of the operating budget: Production budget.

eBook: Prepare the following components of the operating budget: Production budget.eBook: Prepare the following components of the operating budget: Sales budget.

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2.

value: 10.00 points

Required information

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, 23 closures on May 31, and 23 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $2.75 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) Hints

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Hint #1

WorksheetLearning Objective: 08-03c Prepare the following components of the operating budget: Raw materials purchases budget.

Difficulty: 2 MediumLearning Objective: 08-03e Prepare the following components of the operating budget: Manufacturing overhead budget.

eBook: Prepare the following components of the operating budget: Manufacturing overhead budget.eBook: Prepare the following components of the operating budget: Raw materials purchases budget.

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3.

value: 10.00 points

Required information

Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 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.)

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Hint #1

WorksheetDifficulty: 2 MediumLearning Objective: 08-03d Prepare the following components of the operating budget: Direct labor budget.

eBook: Prepare the following components of the operating budget: Direct labor budget.

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4.

value: 10.00 points

Required information

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, 23 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.75 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: 1. Determine Shadees budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.70.) (Round your answer to 2 decimal places.) 2. Compute the Shadees budgeted cost of goods sold for May and June. (Do not round your intermediate values. Use rounded cost per unit in intermediate calculations.)

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eBook & Resources

Hint #1

WorksheetDifficulty: 2 MediumLearning Objective: 08-03f Prepare the following components of the operating budget: Cost of goods sold budget.

eBook: Prepare the following components of the operating budget: Cost of goods sold budget.

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5.

value: 10.00 points

Required information

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, 23 closures on May 31, and 23 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $2.75 per unit produced. Each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Additional information:

Selling costs are expected to be 10 percent of sales.

Fixed administrative expenses per month total $1,200.

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.)