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Required information [The following information applies to the questions displayed below) Shadee Corp. expects to sell 550 sun visors in May and 380 in June.
Required information [The following information applies to the questions displayed below) Shadee Corp. expects to sell 550 sun visors in May and 380 in June. Each visor sells for $25 Shadee's beginning and ending finished goods inventories for May are 70 and 50 units respectively. Ending finished goods inventory for June will be 60 units 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 $200 each Shadee wants to have 33 closures on hand on May 1, 22 closures on May 31 and 26 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $1,500 per month, and Vonable manufacturing overhead is $175 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
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