Shadee Corporation expects to sell 560 sun shades in May and 320 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods inventory for June will be 50 shades. E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d] 4 Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $15 per unit produced. Required: 1. Prepare Shadee's direct labor budget for May and June. 2. Prepare Shadee's manufacturing overhead budget for May and June.
Shadee Corporation expects to sell 560 sun shades in May and 320 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods inventory for June will be 50 shades. E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d] 4 Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $15 per unit produced. Required: 1. Prepare Shadee's direct labor budget for May and June. 2. Prepare Shadee's manufacturing overhead budget for May and June.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
Please do not give solution in image format thanku
![SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 560 sun shades in May and 320 in June. Each shade sells for $163. Shadee's
beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods
inventory for June will be 50 shades.
E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d]
Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's
fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $15 per unit produced.
Required:
1. Prepare Shadee's direct labor budget for May and June.
2. Prepare Shadee's manufacturing overhead budget for May and June.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Prepare Shadee's manufacturing overhead budget for May and June.
May
June
Budgeted Manufacturing Overhead
< Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fff82875f-2dc8-4320-9414-ccfb2a63c640%2F04174a44-4998-4f67-a2ca-3780dd212d4f%2Fzz210gu_processed.png&w=3840&q=75)
Transcribed Image Text:SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 560 sun shades in May and 320 in June. Each shade sells for $163. Shadee's
beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods
inventory for June will be 50 shades.
E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d]
Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's
fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $15 per unit produced.
Required:
1. Prepare Shadee's direct labor budget for May and June.
2. Prepare Shadee's manufacturing overhead budget for May and June.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Prepare Shadee's manufacturing overhead budget for May and June.
May
June
Budgeted Manufacturing Overhead
< Required 1
Required 2 >
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