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Required information. SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corp. expects to sell 520 sun visors in
Required information. SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corp. expects to sell 520 sun visors in May and 380 in June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each visor requires a total of $4.50 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 35 closures on hand on May 1, 17 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $5.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $5.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit Required 1 Required 2 >
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