The following information applies to the questions displayed below.]

Shadee Corp. expects to sell 570 sun visors in May and 430 in June. Each visor sells for $20. Shadees beginning and ending finished goods inventories for May are 80 and 45 units, respectively. Ending finished goods inventory for June will be 60 units.

4.value:

9.09 pointsRequired information

Suppose that each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $9 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.)

HintsReferenceseBook & Resources

Hint #1

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5.value:

9.09 pointsRequired information

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 $2.00 each. Shadee wants to have 31 closures on hand on May 1, 17 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $9 per hour.

Required:

1. Determine Shadees budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.70.) (Round your answer to 2 decimal places.)

2. Compute the Shadees budgeted cost of goods sold for May and June. (Do not round your intermediate values. Use rounded cost per unit in intermediate calculations.)

HintsReferenceseBook & Resources

Hint #1

Check my work

6.value:

9.09 pointsRequired information

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 $2.00 each. Shadee wants to have 31 closures on hand on May 1, 17 closures on May 31, and 24 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $800 per month, and variable manufacturing overhead is $1.50 per unit produced. Each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $9 per hour.

Additional information:

Selling costs are expected to be 11 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.)

HintsReferenceseBook & Resources

Hint #1

Check my work

7.value:

9.09 pointsRequired information

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 $2.00 each. Shadee wants to have 31 closures on hand on May 1, 17 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $9 per hour.

Additional information:

Selling costs are expected to be 11 percent of sales.

Fixed administrative expenses per month total $1,200.

Required:

Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $1.70.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)

The following information applies to the questions displayed below.]

Shadee Corp. expects to sell 570 sun visors in May and 430 in June. Each visor sells for $20. Shadees beginning and ending finished goods inventories for May are 80 and 45 units, respectively. Ending finished goods inventory for June will be 60 units.