Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below] Shadee Corporation expects to sell 610 sun shades in May and 420 in June.

image text in transcribed
image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below] Shadee Corporation expects to sell 610 sun shades in May and 420 in June. Each shade sells for $166. Shadee's beginning and ending finished goods inventories for May are 80 and 45 shades, respectively. Ending finished goods inventory for June will be 65 shades: Each shade requiles a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1,80 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally. Shadee's fixed manufacturing overhead is $11,000 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 overthead per unit is $20. ) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee erpects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 3t, and 100 potes in imventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hout. Additionally. Shackee's fixed manufacturing overhead is $11,000 per month. and vatiable manufactuing overthead is $12 per unit produced. Use the information and solutions presented to complete the requiremients. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fored overhead per unit is $20. ) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Sotermine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $20. ) Sote: Round your answer to 2 decimal places. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5,00 each. Shadee expects to have 130 in direct materials inventory on May 1,80 poles in irventory on May 31, and 100 poles in inventory on June 30 , Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hout. Additionally. Shadee's fixed manufacturing overhead is $11,000 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 $20.) 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 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

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 Cost Accounting

Authors: Edward J. Vanderbeck

16th edition

9781133712701, 1133187862, 1133712703, 978-1133187868

More Books

Students also viewed these Accounting questions