Shadee Corp expects to sell 550 sun visors in May and 400 in June. Each visor...
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Shadee Corp expects to sell 550 sun visors in May and 400 in June. Each visor sells for $21 Shadee's beginning and ending finished goods Inventories for May are 80 and 50 units, respectively. Ending finished goods Inventory for June will be 70 units Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50 each Shadee wants to have 29 closures on hand on May 1, 22 closures on May 31, and 26 closures on June 30 and variable manufacturing overhead is $175 per unit produced. Suppose that each visor takes 0.20 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 $5) 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 $5.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit Required 2 > Shadee Corp. expects to sell 550 sun visors in May and 400 in June. Each visor sells for $21. Shadee's beginning and ending finished goods Inventories for May are 80 and 50 units, respectively. Ending finished goods Inventory for June will be 70 units Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplie at a cost of $2.50 each, Shadee wants to have 29 closures on hand on May 1, 22 closures on May 31, and 26 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $1.75 per unit produced. Each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional Information: Selling costs are expected to be 9 percent of sales. Fixed administrative expenses per month total $1,200. Required: Determine Shadee's budgeted selling and administrative expenses for May and June (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) May June Budgeted Selling and Administrative Expenses Shadee Corp expects to sell 550 sun visors in May and 400 in June. Each visor sells for $21 Shadee's beginning and ending finished goods Inventories for May are 80 and 50 units, respectively. Ending finished goods Inventory for June will be 70 units Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50 each Shadee wants to have 29 closures on hand on May 1, 22 closures on May 31, and 26 closures on June 30 and variable manufacturing overhead is $175 per unit produced. Suppose that each visor takes 0.20 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 $5) 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 $5.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit Required 2 > Shadee Corp. expects to sell 550 sun visors in May and 400 in June. Each visor sells for $21. Shadee's beginning and ending finished goods Inventories for May are 80 and 50 units, respectively. Ending finished goods Inventory for June will be 70 units Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplie at a cost of $2.50 each, Shadee wants to have 29 closures on hand on May 1, 22 closures on May 31, and 26 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $1.75 per unit produced. Each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional Information: Selling costs are expected to be 9 percent of sales. Fixed administrative expenses per month total $1,200. Required: Determine Shadee's budgeted selling and administrative expenses for May and June (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) May June Budgeted Selling and Administrative Expenses
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