Question: SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corp. expects to sell 520 sun visors in May and
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SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corp. expects to sell 520 sun visors in May and 380 in June. Each visor sells for $27. Shadee's beginning and ending finished goods inventories for May are 70 and 40 units, respectively. Ending finished goods inventory for June will be 55 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 1,17 closures on May 31 , and 26 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $8 ) 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. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is 58. ) (Round your answer to 2 decimal places.) Each visor tequires 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 1,17 closures on May 31 , and 26 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $8. ) 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. 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.)
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