Shadee Corp. expects to sell 550 sun visors in May and 440 in June. Each visor...
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Shadee Corp. expects to sell 550 sun visors in May and 440 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 75 and 45 units, respectively. Ending finished goods inventory for June will be 60 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 $1.50 each. Shadee wants to have 29 closures on hand on May 1, 20 closures on May 31, and 27 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.10 direct labor hours to produce and Shadee pays its workers $8 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit 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 Shadee Corp. expects to sell 550 sun visors in May and 440 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 75 and 45 units, respectively. Ending finished goods inventory for June will be 60 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 $1.50 each. Shadee wants to have 29 closures on hand on May 1, 20 closures on May 31, and 27 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.10 direct labor hours to produce and Shadee pays its workers $8 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit 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
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Answer rating: 100% (QA)
A 1 2 Budgeted sales of visors 3 Add Ending inventory of finished goods 4 Less ... 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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