Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 4. shadee corporation expects to sell 630 sun sh

4. Shadee Corporation expects to sell 630 sun shades in May and 360...

70.2K

Verified Solution

Question

Accounting

4.

Shadee Corporation expects to sell 630 sun shades in May and 360 in June. Each shade sells for $143. Shadees beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades.

Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 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 $14 per hour. Additionally, Shadees fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $15 per unit produced.

Use the information and solutions presented to complete the requirements.

Required:

  1. Determine Shadees budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $10.)
  2. Prepare Shadees budgeted cost of goods sold for May and June.

1. Manufacturing Cost Per Unit ____ (round answer to 2 decimal places)

2. Budgeted Cost of Goods Sold May ____ June____

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

can somebdy clearly explain me carbon dating?

Biology
1.2K views

Blood was dropped from a distance of 30 cm. Although the height was the same,...

Biology
1.2K views

Question 5 Points 1 Which of the following was the source of social tension in...

Physics
1.2K views

38 A block of metal is heated to a temperature much higher than the room...

Geometry
1.2K views

100 feet A tree that is 100 feet tall casts a shadow that is 150...

Basic Math
1.2K views

To find the distance across a river a surveyor choose points A and B which...

Calculus
1.2K views

Consider g(w) = w + 1 / w+6Determine the intervals on which g is concave...

Accounting
1.2K views

Kando Company currently pays $11 per unit to buy a part for a product it...

Accounting
1.2K views

Bonita Company collected $22000 in May of 2020 for 5 months of service which would...

Accounting
1.2K views

Suppose a taxpayer invests $100,000 in a partnership, matching the investment of the other 50%...

Accounting
1.2K views

A company purchased factory equipment for $28,000. It is estimated that the equipment will have...

Finance
1.2K views

Question 3 (3 points) Which of the following is FALSE regarding the Loanable Funds Theory?...