Answered step by step
Verified Expert Solution
Question
1 Approved Answer
These are the questions I have for a managerial accounting class, take as long as needed just have been struggling with this content. Check my
These are the questions I have for a managerial accounting class, take as long as needed just have been struggling with this content.
Check my work E8-3 (Static) Classifying, Ordering Components of the Master Budget [LO 8-2] 12.5 Organize the following budgets in order of preparation as presented in the book. points Order of Budget Preparation eBook Cash budget. Print Selling and administrative expense budget. References Manufacturing overhead budget. Direct materials purchases budget. Budgeted balance sheet. Sales budget. Direct labor budget. Budgeted income statement. Budgeted cost of goods sold. Production budget.Check my work 2 Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Part 1 of 6 Shadee Corporation expects to sell 570 sun shades in May and 350 in June. Each shade sells for $152. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. 12.5 points E8-5 (Algo) Calculating Sales and Production Budgets [LO 8-3a, b] eBook Hint Required: Print 1. Prepare Shadee's sales budget for May and June. References 2. Prepare Shadee's production budget for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Shadee's sales budget for May and June. May June Budgeted Total Sales E8-5 (Algo) Calculating Sales and Production Budgets [LO 8-3a, b] Required: 1. Prepare Shadee's sales budget for May and June. 2. Prepare Shadee's production budget for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Shadee's production budget for May and June. May June Budgeted Production (Units) Check my work 3 Required information Part 2 of 6 SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] 12.5 Shadee Corporation expects to sell 570 sun shades in May and 350 in June. Each shade sells for points $152. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. eBook Hint E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Print Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. References Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. May June Budgeted Cost of Closures PurchasedCheck my work 4 E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d] Part 3 of 6 Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead is 12.5 $14 per unit produced. points Required: eBook 1. Prepare Shadee's direct labor budget for May and June. 2. Prepare Shadee's manufacturing overhead budget for May and June. Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare Shadee's direct labor budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. May June Budgeted Direct Labor Cost Required: 1. Prepare Shadee's direct labor budget for May and June. 2. Prepare Shadee's manufacturing overhead budget for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Shadee's manufacturing overhead budget for May and June. May June Budgeted Manufacturing Overhead Check my work 5 E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Part 4 of 6 Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. 12.5 points Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead is $14 per unit produced. eBook Use the information and solutions presented to complete the requirements. Hint Print Required: References 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.) 2. Prepare 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 $16.) Note: Round your answer to 2 decimal places. Manufacturing Cost per Unit E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead is $14 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 $16.) 2. Prepare 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. Note: Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places. May June Budgeted Cost of Goods SoldCheck my work 6 respectively. Ending finished goods inventory for June will be 60 shades. E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] Part 5 of 6 Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in 12.5 inventory on June 30. points Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead is eBook $14 per unit produced. Hint Additional information: Print . Selling costs are expected to be 6 percent of sales. References . Fixed administrative expenses per month total $1,300. Required: Prepare Shadee's selling and administrative expense budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. May June Budgeted Selling and Administrative Expenses McCheck my work 7 Required information Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to Part 6 of 6 have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's 12.5 fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead is $14 per unit produced. points Additional information: . Selling costs are expected to be 6 percent of sales. . Fixed administrative expenses per month total $1,300. eBook Required: Prepare Shadee's budgeted income statement for the months of May and June. Hint Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. SHADEE CORPORATION Print Budgeted Income Statement May June References Budgeted Gross Margin Budgeted Net Operating IncomeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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