Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information The following information apples to the questions disployod below] Shadee Corporation expects to sel 580 sun shades in May and 390 in June,

image text in transcribed
Required information The following information apples to the questions disployod below] Shadee Corporation expects to sel 580 sun shades in May and 390 in June, Each shade sels for $140, Shadee's beginning and ending finished goods inventorles for May are 65 and 55 shades, respectively. Ending finished goods inventory for June will be 55 shades: 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 130 in direct materials inventory on May 1, 100 poles in inventory on Mayy 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 512 per hour. Additionaly, Shadee's fixed manufacturing overtsead is $9,000 per month, and variable manufacturing overhead is $11 per unit producod. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufocturing cost per shade. (Nole: Assume that fixod owerfead per unis is \$12.] 2. Prepare Shodee's budpeted cost of goods sold for May and June

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

13th Edition

007232726X, 9780072327267

More Books

Students also viewed these Accounting questions

Question

A study based on

Answered: 1 week ago