Shadee Corp. expects to sell 620 sun visors In May and 330 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods Inventory for June will be 70 units. Each Visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a suppler at a cost of $2.50 each. Shadee wants to have 31 closures on hand on May 1, 21 closures on May 31, and 27 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1.200 per month and variable manufacturing overhead is $2.00 per unit produced Required: 1. Determine shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) May Budgeted Cost of Closures Purchased 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) May June Budgeted Maructuring Overhead Required Information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 620 sun visors in May and 330 in June. Each visor sells for $22. Shadee's beginning and ending finished goods Inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 70 units. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $8 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your Intermediate values. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Budgeted Direct Labor Cost May June 5 630.00 $ 350.00 Each visor requires a total of $4.50 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 31 closures on hand on May 1, 21 closures on May 31, and 27 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays Its workers $8 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.80.) (Round your answer to 2 decimal places.) Manufacturing Cont per Unit 2. Compute the Shadee's budgeted cost of goods sold for May and June (Do not round your Intermediate values. Use rounded cost per unit in intermediate calculations.) May June Budgeted Cost of Goods Sold Each visor requires a total of $4.50 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 31 closures on hand on May 1, 21 closures on May 31, and 27 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $2.00 per unit produced. Each visor takes 0,80 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional Information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,400. 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 Soling and Administrative Expenses Each visor requires a total of $4.50 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 31 closures on hand on May 1, 21 closures on May 31, and 27 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,400. . Required: Complete Shadee's budgeted Income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $1.80.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income
