Question: Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 550 sun visors in
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Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 550 sun visors in May and 360 in June. Each visor sells for $21 Shadee's beginning and ending finished goods inventorles for May are 80 and 50 units, respectively: Ending finished goods inventory for June with be 60 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] 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 $2.00 each. Shadee wants to have 26 closures on hand on May 1, 16 closures on May 31 , and 22 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $8 per hour. Required: 1. Determine Shadee's budgeted monufacturing cost per visor, (Note. Assume that fixed overhead per unit is \$6) 2 Compute the Shedees 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. (Notes Assume that fixed overhead per anit is 56. ) (Round your answer to 2 oedimal placesi) Compute the Shadee's budgeted cost of goods sold for May and June. (Round your places. Round your answers to 2 decimal places.)
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