Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to...
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Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 620 sun visors in May and 310 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 80 and 40 units, respectively. Ending finished goods inventory for June will be 55 units. Each visor requires a total of $3.50 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 34 closures on hand on May 1, 23 closures on May 31, and 24 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $9 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $6.) 2. Compute the Shadee's budgeted cost of goods sold for May and June
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