Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.) Shadee Corporation expects to sell 580 sun shades in May and 310 in June. Each shade sells for $151. Shadee's beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods inventory for June will be 70 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget (LO 8-3f] Each shade requires a total of $50.00 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 100 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 $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of goods sold for May and June. Note: Round your intermediate calculations to 2 decimal places, Round your answers to 2 decimal places. May Budgeted Cost of Goods Sold June < Required 1 Required 2 >

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Chapter1: Financial Statements And Business Decisions
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nces
E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f]
Each shade requires a total of $50.00 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 100 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 $8,000 per month, and variable manufacturing overhead is $12 per unit produced.
Use the information and solutions presented to complete the requirements.
Required:
1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.)
2. Prepare Shadee's budgeted cost of goods sold for May and June.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $16.)
Note: Round your answer to 2 decimal places.
Manufacturing Cost per Unit
Required 1
Required 2 >
Transcribed Image Text:nces E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $50.00 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 100 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 $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $16.) Note: Round your answer to 2 decimal places. Manufacturing Cost per Unit Required 1 Required 2 >
ces
!
Required information.
SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 580 sun shades in May and 310 in June. Each shade sells for $151. Shadee's beginning
and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods inventory for
June will be 70 shades.
E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f]
Each shade requires a total of $50.00 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 100 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 $8,000 per month, and variable manufacturing overhead is $12 per unit produced.
Use the information and solutions presented to complete the requirements.
Required:
1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.)
2. Prepare Shadee's budgeted cost of goods sold for May and June.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Determine Shadee's budgeted cost of goods sold for May and June.
Note: Round your intermediate calculations to 2 decimal places, Round your answers to 2 decimal places.
Budgeted Cost of Goods Sold
May
June
Required 1
Required 2 >
Transcribed Image Text:ces ! Required information. SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 580 sun shades in May and 310 in June. Each shade sells for $151. Shadee's beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods inventory for June will be 70 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $50.00 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 100 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 $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $16.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of goods sold for May and June. Note: Round your intermediate calculations to 2 decimal places, Round your answers to 2 decimal places. Budgeted Cost of Goods Sold May June Required 1 Required 2 >
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