Required:Prepare Shadee's budgeted income statement for the months of May and June.Note: Do not round your intermediate calculations. Round your answers to 2 decimal places.Budgeted Gross MarginSHADEE CORPORATIONBudgeted Income StatementBudgeted Net Operating IncomeMayJune Shadee Corporation expects to sell 520 sun shades in May and 320 in June. Each shade sells for$142. Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades,respectively. Ending finished goods inventory for June will be 55 shades.Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadeeexpects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventoryon June 30.Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour.Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is$10 per unit produced.Additional information:Selling costs are expected to be 9 percent of sales.• Fixed administrative expenses per month total $1,200.Required:Prepare Shadee's budgeted income statement for the months of May and June.Note: Do not round your intermediate calculations. Round your answers to 2 decimal places.SHADEE CORPORATIONBudgeted Income StatementMayJune

Lets understand the basics.Budgeted income statement means calculation of net income expected in…

Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. Budgeted Gross Margin SHADEE CORPORATION Budgeted Income Statement May June

Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. Budgeted Gross Margin SHADEE CORPORATION Budgeted Income Statement May June

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 6E: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The...

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Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the economic order quantity. 2. Compute the ordering, carrying, and total costs for the EOQ. 3. How much money does using the EOQ policy save the company over the policy of purchasing 4,000 plastic housing units per order?
Lens & Shades sells sunglasses for $37 each and is estimating sales of 21,000 units in January and 19,000 in February. Each lens consist of 2.00 mm of plastic costing $2.50 per mm, 1.7 oz of dye costing $2.80 per ounce. and 0.50 hours direct labor at a labor rate of $18 per unit. Desired inventory levels are: Prepare a sales budget, production budget, direct materials budget for silicon and solution, and a direct labor budget.
Shadee Corporation expects to sell 610 sun shades in May and 340 in June. Each shade sells for $140. Shadee's beginning and ending finished goods inventories for May are 70 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour.. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $14 per unit produced. Use the information and solutions presented to complete the requirements. Required: Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $ 14.) Prepare Shadee's budgeted cost of…
Shadee Corporation expects to sell 560 sun shades in May and 320 in June. Each shade sells for $161. Shadee’s beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30. Required: Prepare Shadee’s May and June purchases budget for the adjustable poles. please answer with full working answer in text
Shadee Corporation expects to sell 630 sun shades in May and 400 in June. Each shade sells for $138. Shadee’s beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 50 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee’s May and June purchases budget for the adjustable poles.
Shadee Corporation expects to sell 630 sun shades in May and 320 in June. Each shade sells for $162. Shadee's beginning and ending finished goods inventories for May are 60 and 50 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 per unit produced. Additional information: • Selling costs are expected to be 10 percent of sales. • Fixed administrative expenses per month total $1,300. Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round…
Shadee Corporation expects to sell 630 sun shades in May and 320 in June. Each shade sells for $162. Shadee's beginning and ending finished goods inventories for May are 60 and 50 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Poles Purchased May June
Shadee Corporation expects to sell 610 sun shades in May and 400 in June. Each shade sells for $148. Shadee's beginning and ending finished goods inventories for May are 65 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades, Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 120 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $14 per unit produced. Additional information: Selling costs are expected to be 9 percent of sales. Fixed administrative expenses per month total $1,200. Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your…
Shadee Corporation expects to sell 590 sun shades in May and 340 in June. Each shade sells for $149. Shadee’s beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee’s fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $15 per unit produced. Additional information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,100. Required: Prepare Shadee’s budgeted income statement for the months of May and June.
Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each shade sells for $166. Shadee’s beginning and ending finished goods inventories for May are 85 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee’s fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $12 per unit produced. Prepare Shadee’s budgeted income statement for the months of May and June. budgeted income statement May June budgeted gross margin budgeted net operating income…
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Shadee Corporation expects to sell 630 sun shades in May and 350 in June. Each shade sells for $152. Shadee’s beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee’s fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $14 per unit produced. Additional information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,600. Required: Prepare Shadee’s budgeted income statement for the months of May and June. Note: Do not round your…