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 390 In June. Each shade sells for $150. Shadee's beginning and ending finished goods inventories for May are 70 and 50 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 $45.00 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 $15 per hour. Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead Is $14 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 $18.) 2. Prepare Shadee's budgeted cost of goods sold for May and June.
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 390 In June. Each shade sells for $150. Shadee's beginning and ending finished goods inventories for May are 70 and 50 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 $45.00 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 $15 per hour. Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead Is $14 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 $18.) 2. Prepare Shadee's budgeted cost of goods sold for May and June.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Don't give answer in image format
![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 390 In June. Each shade sells
for $150. Shadee's beginning and ending finished goods inventories for May are 70 and 50
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 $45.00 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 $15 per hour.
Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead
is $14 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
$18.)
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 $18.)
Note: Round your answer to 2 decimal places.
Manufacturing Cost per Unit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55bebf1f-c454-4dfe-be1f-155e15c10ad6%2Fc962db3f-c4ac-48f7-967c-c5849f4228f3%2Fepa91e5_processed.png&w=3840&q=75)
Transcribed Image Text: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 390 In June. Each shade sells
for $150. Shadee's beginning and ending finished goods inventories for May are 70 and 50
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 $45.00 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 $15 per hour.
Additionally, Shadee's fixed manufacturing overhead is $12,000 per month, and variable manufacturing overhead
is $14 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
$18.)
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 $18.)
Note: Round your answer to 2 decimal places.
Manufacturing Cost per Unit
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education