Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shadee Corporation expects to sell 600 sun shades in May and 800 in June. Each shade sells for $180. Shadee's beginning and ending finished goods

image text in transcribed
image text in transcribed
Shadee Corporation expects to sell 600 sun shades in May and 800 in June. Each shade sells for $180. Shadee's beginning and ending finished goods inventories for May are 75 and 50 shades, respectively. Ending finished goods Inventory for June will be 60 shades. Each shade requires a total of $40 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 poles in direct materials inventory on May 1,80 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $9 per hour. Additionally. Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $20.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2. .) 120 poies in direct moseriats imentory on May {.80 poies it inventisy en May 31, and po poles in imeritory on d Suppose thet euch shade takes thee deect laber hour to produce and 5 hadee pays its workers $9 per hour. Add fieed mandacturing oveshead is $10,000 pet month and watrable mandachiring owerheed is $13 per unit produce Use the information and solutions preserted to conplete the reguirertents. Pequired: 1. Detectine Shsdees bucgeted masutyeturing coit per thede. Note Astume that fised ovehead per unit is $20 2. Prepore 5hodees budoeted cost of poods soid for Moy and hare. Cemplete this evestlee ty entering rour snownes in the taly below

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions