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Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 530 sun visors in May and 420 in June.
Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 530 sun visors in May and 420 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 85 and 55 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 $2.00 each. Shadee wants to have 30 closures on hand on May 1, 16 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $10 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.) 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 $3.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit Required Required 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) May June Fudgeted Cost of Goods Sold Required 1 Required 2
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