Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Saved 7 0 14 06 Required information [The following information applies to the questions displayed below! Shadee Corp. expects to sell 600 sun visors in
Saved 7 0 14 06 Required information [The following information applies to the questions displayed below! Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units 3 00226 Skipped Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $150 each Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $125 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour Required: 1. Determine Shadee's budgeted manufacturing cost per visor (Note: Assume that fixed overhead per unit is $2) 2. Determine Shadee's budgeted cost of goods sold for May and June Book Complete this question by entering your answers in the tabs below. Ack Required 1 Required 2 Determine Shadee's budgeted manufacturing cost per visor (Note: Assume that fixed overhead per unit is $2.) (Round your answer to 2 decimal places D Manufacturing Cost per Unit rences Required 2 > Sowed Required information [The following information applies to the questions displayed below] Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each Shadee wants to have 30 closures on hand on May 1 20 closures on May 31 and 25 closures on June 30 and variable manufacturing overhead is $125 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour Required: 1. Determine Shadee's budgeted manufacturing cost per visor (Note: Assume that fixed overhead per unit is $2) 2. Determine 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 cost of goods sold for May and June (Round your intermediate calculations to 2 decimal places. Round your final answer to the nearest whole dollar) May June Budgeted Cost of Goods Sold
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started