Prepare Shadee's direct labor budget for May and June. Prepare Shadee's manufacturing overhead budget for May and June.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Shadee Corporation expects to sell 620 sun
shades in May and 360 in June. Each
shade sells for $145. Shadee's beginning
and ending finished goods inventories for
May are 70 and 60 shades, respectively.
Ending finished goods inventory for June
will be 50 shades.
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
$8,000 per month, and variable
manufacturing overhead is $13 per unit
produced.
Required:
Prepare Shadee's direct labor budget for
May and June.
Prepare Shadee's manufacturing overhead
budget for May and June.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd2ed5e6c-0d63-4e2f-81c7-ef354af209b5%2F69b01584-c87b-41ab-b450-d969d7c806ff%2F8tqda8m_processed.jpeg&w=3840&q=75)
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