Required information [The following information applies to the questions displayed below] Shadee Corp. expects to sell 600 sun visors in May and 370 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively Ending finished goods inventory for June will be 65 units. Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 34 closures on hand on May 1, 22 closures on May 31, and 28 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.10 direct labor hours to produce and Shadee pays its workers $10 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.) 2. Compute the 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 $3.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit
Required information [The following information applies to the questions displayed below] Shadee Corp. expects to sell 600 sun visors in May and 370 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively Ending finished goods inventory for June will be 65 units. Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 34 closures on hand on May 1, 22 closures on May 31, and 28 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.10 direct labor hours to produce and Shadee pays its workers $10 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.) 2. Compute the 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 $3.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Answer both of the two required questions!
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Required information
[The following information applies to the questions displayed below]
Shadee Corp. expects to sell 600 sun visors in May and 370 in June. Each visor sells for $19. Shadee's beginning and
ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will
be 65 units.
Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier
at a cost of $1.50 each. Shadee wants to have 34 closures on hand on May 1, 22 closures on May 31, and 28 closures on June 30 and
varlable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.10 direct labor hours to produce and
Shadee pays its workers $10 per hour.
Required:
1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.)
2. Compute the 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 $3.) (Round your
answer to 2 decimal places.)
Manufacturing Cost per Unit
Required 2 >
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Transcribed Image Text:252Fnewconnec
nework
Saved
Required information
[The following information applies to the questions displayed below]
Shadee Corp. expects to sell 600 sun visors in May and 370 in June. Each visor sells for $19. Shadee's beginning and
ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will
be 65 units.
Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier
at a cost of $1.50 each. Shadee wants to have 34 closures on hand on May 1, 22 closures on May 31, and 28 closures on June 30 and
varlable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.10 direct labor hours to produce and
Shadee pays its workers $10 per hour.
Required:
1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.)
2. Compute the 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 $3.) (Round your
answer to 2 decimal places.)
Manufacturing Cost per Unit
Required 2 >
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