60.1K

Verified Solution

Link Copied!

Required information The following information applies to the questions displayed below.) Shadee Corp. expects to sell 500 sun visors in May and 310 in June. Each visor sells for $29.Shadee's beginning and ending finished goods inventories for May are 75 and 45 units, respectively. Ending finished goods inventory for June will be 60 units Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50 each Shadee wants to have 27 closures on hand on May 1, 16 closures on May 31, and 27 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $200 per unit produced Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June 2. Determine Shadee's budget manufacturing overhead for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to decimal places.) May June Runete Cost of insures Purchased Shadee Corp. expects to sell 500 sun visors in May and 310 in June. Each visor sells f ending finished goods inventories for May are 75 and 45 units, respectively. Ending fir be 60 units. Each visor requires a total of $5.00 in direct materials that includes an adjustable closure tha at a cost of $2.50 each. Shadee wants to have 27 closures on hand on May 1, 16 closures on Additionally, Shadee's fixed manufacturing overhead is $1,200 per month, and variable manu produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budget manufacturing overhead for May and June. (Do not round your interm answers to 2 decimal places.) May June Budgeted Manufacturing Overhead

Answer & Explanation Solved by verified expert

See Answer