Required information [The following information applies to the questions displayed below) Shadee Corp. expects to sell 570 sun visors in May and 360 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively Ending finished goods inventory for June will be 65 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 27 closures on hand on May 1, 17 closures on May 31, and 26 closures on June 30. Additionally. Shadee's fixed manufacturing overhead is $1,300 per month, and variable manufacturing overhead is $150 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 Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) May June Budgeted Manufacturing Overhead < Required 1 Required 2

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
[The following information applies to the questions displayed below)
Shadee Corp. expects to sell 570 sun visors in May and 360 in June. Each visor sells for $21. Shadee's beginning and
ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will
be 65 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 27 closures on hand on May 1, 17 closures on May 31, and 26 closures on June 30.
Additionally. Shadee's fixed manufacturing overhead is $1,300 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
Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your
answers to 2 decimal places.)
May
June
Budgeted Manufacturing Overhead
< Required 1
Required 2
Transcribed Image Text:Required information [The following information applies to the questions displayed below) Shadee Corp. expects to sell 570 sun visors in May and 360 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 65 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 27 closures on hand on May 1, 17 closures on May 31, and 26 closures on June 30. Additionally. Shadee's fixed manufacturing overhead is $1,300 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 Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) May June Budgeted Manufacturing Overhead < Required 1 Required 2
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