! Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to...
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! Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 600 sun visors in May and 390 in June. Each visor sells for $24. Shadee's beginning and ending finished goods inventories for May are 80 and 55 units, respectively. Ending finished goods inventory for June will be 65 units. Each visor requires a total of $5.00 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, 15 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 0.30 direct labor hours to produce and Shadee pays its workers $12 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $6.) 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 $6.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) May June Budgeted Cost of Goods Sold < Required 1 Required 2 > ! Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 600 sun visors in May and 390 in June. Each visor sells for $24. Shadee's beginning and ending finished goods inventories for May are 80 and 55 units, respectively. Ending finished goods inventory for June will be 65 units. Each visor requires a total of $5.00 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, 15 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 0.30 direct labor hours to produce and Shadee pays its workers $12 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $6.) 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 $6.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) May June Budgeted Cost of Goods Sold < Required 1 Required 2 >
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Solution C Production Budget Shadee Corp Particulars May June Expected sales units 600 8... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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