Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell...
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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. Additionally, Shadee's fixed manufacturing overhead is $1,600 per month, and variable manufacturing overhead is $1.50 per unit produced. Each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $12 per hour. Additional information: • Selling costs are expected to be 9 percent of sales. • Fixed administrative expenses per month total $1,600. 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.) May June Budgeted Selling and Administrative Expenses 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. Additionally, Shadee's fixed manufacturing overhead is $1,600 per month, and variable manufacturing overhead is $1.50 per unit produced. Each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $12 per hour. Additional information: • Selling costs are expected to be 9 percent of sales. • Fixed administrative expenses per month total $1,600. 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.) May June Budgeted Selling and Administrative Expenses
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Solution May June Budgeted sales in units for the month 600 390 Sel... 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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