Shadee Corp. expects to sell 620 sun visors in May and 380 in June. Each visor sells for $22 Shadee's beginning andending finished goods inventories for May are 90 and 50 units, respectively. Ending finished goods inventory for June willbe 60 units.Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplierat a cost of $2.00 each. Shadee wants to have 26 closures on hand on May 1, 18 closures on May 31, and 27 closures on June 30.Additionally. Shadee's fixed manufacturing overhead is $800 per month, and variable manufacturing overhead is $1.50 per unitproduced.Required:1. Determine Shadee's budgeted cost of closures purchased for May and June2. Determine Shadee's budget manúfacturing overhead for May and JuneComplete this question by entering your answers in the tabs below.Required 1Required 2Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answeos to 2 decimal places.)MayJunoBudgeted Cost of Closures Purchased

Name: Shadee Corp. expects to sell 620 sun visors in May and 380 in June. E
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Description: Shadee Corp. expects to sell 620 sun visors in May and 380 in June. Each visor sells for $22 Shadee's beginning andending finished goods inventories for May are 90 and 50 units, respectively. Ending finished goods inventory for June willbe 60 units.

Calculation of Budgeted Cost of Closures Purchased May June Total Number of Sun visors to…

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p. expects to sell 620 sun visors in May and 380 in June. Each visor sells for $22 Shadee's beginning and ending finished goods inventories for May are 90 and 50 units, respectively. Ending finished goods inventory for June will be 60 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 26 closures on hand on May1, 18 closures on May 31, and 27 closures on June 30. Additionally. Shadee's fored manufacturing overhead is $800 per month, and variable manufacturing overhead is $1.50 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June 2. Determine Shadee's budget manufacturing overhead for May and June Complete this question by entering your answers in the tabs below. Required 1 Required 2

p. expects to sell 620 sun visors in May and 380 in June. Each visor sells for $22 Shadee's beginning and ending finished goods inventories for May are 90 and 50 units, respectively. Ending finished goods inventory for June will be 60 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 26 closures on hand on May1, 18 closures on May 31, and 27 closures on June 30. Additionally. Shadee's fored manufacturing overhead is $800 per month, and variable manufacturing overhead is $1.50 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June 2. Determine Shadee's budget manufacturing overhead for May and June Complete this question by entering your answers in the tabs below. Required 1 Required 2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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