Shadee Corp expects to sel 580 sun visors in May and 310 in June. Each visor...
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Shadee Corp expects to sel 580 sun visors in May and 310 in June. Each visor sells for $27. Shadee's beginning and ending finished goods inventories for May are 90 and 60 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 $2.00 each. Shadee wants to have 34 closures on hand on May 1, 21 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.80 drect labor hours to produce and Shadee pays its workers $8 per hour Addisonal information: • Selling costs are expected to be 9 percent of sales • Fued administrative expenses per month total St600 Required: Complete Shadee's budgeted incomie statement for the months of May and June. Note: Assume that fived overthead per unit is $4.00) (Do not round your intermediate calculations. Round your answers b to 2 decimal places) SHADER CORP Buigtad ineame Semant May Bugetet Gs Ma Bugeted N Opeing income Shadee Corp expects to sel 580 sun visors in May and 310 in June. Each visor sells for $27. Shadee's beginning and ending finished goods inventories for May are 90 and 60 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 $2.00 each. Shadee wants to have 34 closures on hand on May 1, 21 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.80 drect labor hours to produce and Shadee pays its workers $8 per hour Addisonal information: • Selling costs are expected to be 9 percent of sales • Fued administrative expenses per month total St600 Required: Complete Shadee's budgeted incomie statement for the months of May and June. Note: Assume that fived overthead per unit is $4.00) (Do not round your intermediate calculations. Round your answers b to 2 decimal places) SHADER CORP Buigtad ineame Semant May Bugetet Gs Ma Bugeted N Opeing income
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SHADEE CORP Budgeted Income statement May June Budgeted sales Units ... 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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