SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 510 sun visors in May and 370 in June. Each visor sells for $24. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 55 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] 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 29 closures on hand on May 1, 18 closures on May 31, and 20 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $12 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $5.) 2. Compute the 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 Corp. expects to sell 510 sun visors in May and 370 in June. Each visor sells for $24. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 55 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] 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 29 closures on hand on May 1, 18 closures on May 31, and 20 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $12 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $5.) 2. Compute the Shadee's budgeted cost of goods sold for May and June.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Do not give answer in image formate
![Required information
SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below.]
Shadee Corp. expects to sell 510 sun visors in May and 370 in June. Each visor sells for $24. Shadee's beginning and
ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will
be 55 units.
E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f]
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 29 closures on hand on May 1, 18 closures on May 31, and 20 closures on June 30 and
variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and
Shadee pays its workers $12 per hour.
Required:
1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $5.)
2. Compute the Shadee's budgeted cost of goods sold for May and June.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F79a86f1b-ca2d-4420-8e60-69ecbf4f1349%2Fecb5a433-3718-45a6-99fc-2a4fac0cbbad%2Fa2zetc_processed.jpeg&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 Corp. expects to sell 510 sun visors in May and 370 in June. Each visor sells for $24. Shadee's beginning and
ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will
be 55 units.
E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f]
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 29 closures on hand on May 1, 18 closures on May 31, and 20 closures on June 30 and
variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and
Shadee pays its workers $12 per hour.
Required:
1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $5.)
2. Compute the Shadee's budgeted cost of goods sold for May and June.
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