Question

In: Accounting

SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp....

SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 600 sun visors in May and 330 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 55 units. References Section BreakSB Exercise E8-5 to E8-10 2.value: 4.16 pointsRequired information E8-6 Preparing Raw Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] 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 on May 1, 16 closures on May 31, and 20 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $900 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.) HintsReferenceseBook & Resources Hint #1 Check my work 3.value: 4.16 pointsRequired information E8-7 Preparing Direct Labor Budget [LO 8-3d] Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.)

Solutions

Expert Solution


Related Solutions

SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp....
SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 570 sun visors in May and 440 in June. Each visor sells for $23. Shadee’s beginning and ending finished goods inventories for May are 85 and 45 units, respectively. Ending finished goods inventory for June will be 55 units. 2) -6 Preparing Raw Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] Each visor requires a total of $5.00 in direct...
SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp....
SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 570 sun visors in May and 440 in June. Each visor sells for $22. Shadee’s beginning and ending finished goods inventories for May are 70 and 50 units, respectively. Ending finished goods inventory for June will be 70 units. E8-6 Preparing Raw Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] Each visor requires a total of $3.50 in direct materials...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 600 sun...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units C. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour.         Required: Determine Shadee's budgeted direct labor cost...
The following information applies to the questions displayed below.] Shadee Corp. expects to sell 600 sun...
The following information applies to the questions displayed below.] Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 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...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 620 sun...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 620 sun visors in May and 410 in June. Each visor sells for $20. Shadee’s beginning and ending finished goods inventories for May are 70 and 55 units, respectively. Ending finished goods inventory for June will be 55 units. References Section BreakSB Exercise E8-5 to E8-10 2. value: 2.00 points Required information E8-6 Preparing Raw Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] Each visor...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 560 sun...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 560 sun visors in May and 410 in June. Each visor sells for $17. Shadee’s beginning and ending finished goods inventories for May are 80 and 45 units, respectively. Ending finished goods inventory for June will be 55 units. 1. value: 10.00 points Required information Required: 1. Determine Shadee's budgeted total sales for May and June. Determine Shadee's budgeted production in units for May and June....
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun visors in May and 410 in June. Each visor sells for $20. 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. 1. 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...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 540 sun...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 540 sun visors in May and 350 in June. Each visor sells for $24. Shadee’s beginning and ending finished goods inventories for May are 80 and 45 units, respectively. Ending finished goods inventory for June will be 50 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...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun visors in May and 310 in June. Each visor sells for $26. Shadee’s beginning and ending finished goods inventories for May are 85 and 55 units, respectively. Ending finished goods inventory for June will be 50 units. 1. Determine Shadee's budgeted total sales for May and June. May June Budgeted Total Sales $16,640 $8,060 2. Determine Shadee's budgeted production in units for May and...
[The following information applies to the questions displayed below.]    Concord Corp. completed the following transactions...
[The following information applies to the questions displayed below.]    Concord Corp. completed the following transactions in 2014, the first year of operation: 1. Issued 32,000 shares of $20 par common stock for $30 per share. 2. Issued 4,900 shares of $54 par, 8 percent, preferred stock at $56 per share. 3. Paid the annual cash dividend to preferred shareholders. 4. Issued a 5 percent stock dividend on the common stock. The market value at the dividend declaration date was...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT