60.1K

Verified Solution

Link Copied!

Hello, can you help me with those questions please?

SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade sells for $159. Shadee's beginning and ending finished goods inventories for May are 65 and 60 shades, respectively. Ending finished goods inventory for June will be 65 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1,100 poles in inventory on May 31 , and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles, Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade sells for $159. Shadee's beginning and ending finished goods inventories for May are 65 and 60 shades, respectively. Ending finished goods inventory for June will be 65 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. Shaded fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $11 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. Prepare Shadee' 5 direct labor budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade sells for $159. Shadee's beginning and ending finished goods inventories for May are 65 and 60 shades, respectively. Ending finished goods inventory for June will be 65 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 $11 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. Prepare Shadee's manufacturing overhead budget for May and June. Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade sells for $159. Shadee's beginning and ending finished goods inventories for May are 65 and 60 shades, respectively. Ending finished goods: Inventory for June will be 65 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10.00 each, Shadee expects to have 130 in direct materials inventory on May 1,100 poles in inventory on May 31, and 120 poles in inventory on June 30. 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 $11 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 $20.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted cost of goods sold for May and June, Note: Round your intermediate caiculations to 2 decimal piaces. Round your answers to 2 decimal places. Shadee Corporation expects to sell 510 sun shades in May and 420 in June. Each shade seils for $159. Shadee's beginning and ending finished goods inventories for May are 65 and 60 shades, respectively. Ending finished goods inventory for June will be 65 shades. E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] Each shade requires a total of $60.00 in direct materials that includes 4 adjustabie poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31 , and 120 poles in inventory on June 30 . 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 $11 per unit produced. Additional information: - Selling costs are expected to be 9 percent of sales. - Fixed administrative expenses per month total $1,100. Required: Prepare Shadee's selling and administrative expense budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places

Answer & Explanation Solved by verified expert

See Answer