Question
In: Accounting
Shadee Corp. expects to sell 530 sun visors in May and 360 in June. Each visor...
Shadee Corp. expects to sell 530 sun visors in May and 360 in June. Each visor sells for $14. Shadee’s beginning and ending finished goods inventories for May are 80 and 40 units, respectively. Ending finished goods inventory for June will be 55 units.
Each visor requires a total of $4.50 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 30 closures
on hand on May 1, 16 closures on May 31, and 25 closures on June
30. Additionally, Shadee’s fixed manufacturing overhead is $1,400
per month, and variable manufacturing overhead is $1.25 per unit
produced.
Required:
1. Determine Shadee's budgeted cost of closures
purchased for May and June. (Round your answers to 2
decimal places.)
2. Determine Shadee's budget manufacturing
overhead for May and June. (Do not round your intermediate
values. Round your answers to 2 decimal places.)
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Shadee Corp. expects to sell 530 sun visors in May and 360 in June. Each visor sells for $17.
Shadee Corp. expects to sell 530 sun visors in May and 360 in June. Each visor sells for $17. Shadee’s beginning and ending finished goods inventories for May are 65 and 40 units, respectively. Ending finished goods inventory for June will be 70 units.
Required:
1. Determine Shadee's budgeted total sales for May and June.
2. Determine Shadee's budgeted production in units for May and June.
Each visor requires a total of $4.50 in direct materials that includes an...
Shadee Corp. expects to sell 530 sun visors in May and 380 in June. Each visor...
Shadee Corp. expects to sell 530 sun visors in May and 380 in
June. Each visor sells for $19. Shadee’s beginning and ending
finished goods inventories for May are 85 and 55 units,
respectively. Ending finished goods inventory for June will be 55
units.
Each visor requires a total of $4.50 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 31 closures
on hand...
Shadee Corp. expects to sell 530 sun visors in May and 420 in June. Each visor...
Shadee Corp. expects to sell 530 sun visors in May and 420 in
June. Each visor sells for $17. Shadee’s beginning and ending
finished goods inventories for May are 70 and 55 units,
respectively. Ending finished goods inventory for June will be 50
units.
Each visor requires a total of $3.50 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 31 closures
on hand...
Shadee Corp. expects to sell 630 sun visors in May and 360 in June. Each visor...
Shadee Corp. expects to sell 630 sun visors in May and 360 in
June. Each visor sells for $20. 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.
1. a)-Determine Shadee's budgeted total sales for May
and June.
-Determine Shadee's budgeted production in units for May
and June.
b) Each visor requires a total of $3.50 in direct materials that
includes an adjustable closure...
Shadee Corp. expects to sell 630 sun visors in May and 360 in June. Each visor...
Shadee Corp. expects to sell 630 sun visors in May and 360 in
June. Each visor sells for $20. 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. d) Each visor requires a total of $3.50 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 33
closures on...
Shadee Corp. expects to sell 600 sun visors in May and 330 in June. Each visor...
Shadee Corp. expects to sell 600 sun visors in May and 330 in June. Each visor sells for $19. Shadee’s beginning and ending finished goods inventories for May are 70 and 45 units, respectively. Ending finished goods inventory for June will be 65 units.It expects the following unit sales for the third quarter:
July
560
August
470
September
460
Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is collected in the month...
Shadee Corp. expects to sell 500 sun visors in May and 340 in June. Each visor...
Shadee Corp. expects to sell 500 sun visors in May and 340 in
June. Each visor sells for $25. Shadee’s beginning and ending
finished goods inventories for May are 60 and 55 units,
respectively. Ending finished goods inventory for June will be 60
units.
Each visor requires a total of $4.00 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 27 closures
on hand...
Shadee Corp. expects to sell 590 sun visors in May and 300 in June. Each visor...
Shadee Corp. expects to sell 590 sun visors in May and 300 in
June. Each visor sells for $16. Shadee’s beginning and ending
finished goods inventories for May are 65 and 55 units,
respectively. Ending finished goods inventory for June will be 60
units.
It expects the following unit sales for the third
quarter:
July
500
August
490
September
450
Sixty percent of Shadee’s sales are cash. Of the credit sales, 52
percent is collected in the month of the...
Shadee Corp. expects to sell 590 sun visors in May and 440 in June. Each visor...
Shadee Corp. expects to sell 590 sun visors in May and 440 in
June. Each visor sells for $25. Shadee’s beginning and ending
finished goods inventories for May are 85 and 60 units,
respectively. Ending finished goods inventory for June will be 50
units.
Each visor requires a total of $4.50 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 32 closures
on hand...
Shadee Corp. expects to sell 560 sun visors in May and 320 in June. Each visor...
Shadee Corp. expects to sell 560 sun visors in May and 320 in
June. Each visor sells for $18. Shadee’s beginning and ending
finished goods inventories for May are 70 and 45 units,
respectively. Ending finished goods inventory for June will be 70
units.
It expects the following unit sales for the third quarter:
July
545
August
490
September
440
Sixty percent of Shadee’s sales are cash. Of the credit sales,
50 percent is collected in the month of the...
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