90.2K

Verified Solution

Link Copied!

wRequired information

SB Exerclse E$8-5$ to E$8-10$

$[$The following information applies to the questions displayed below.$]$

Shadee Corporation expects to sell $630$ sun shades in May and $390$ in June. Each shade sells for $$146.$ Shadee's beginning and ending finished goods Inventorles for May are $85$ and $50$ shades, respectively. Ending finished goods Inventory for June will be $60$ shades.

E$8-8($Algo$)$ Preparing Cost of Goods Sold Budget $[$LO $8-3$t$]$

Each shade requires a total of $$50\mathrm{.}00$ in direct materlals that includes $4$ adjustable poles that cost $$5\mathrm{.}00$ each. Shadee expects to have $130$ 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 $$12$ per hour. Additionally. Shadee's fixed manufacturing overhead is $$11,000$ per month, and varlable manufacturing overhead is $$15$ per unit produced.

Use the information and solutions presented to complete the requirements.

Required:

Determine Shadee's budgeted manufacturing cost per shade. $($Note: Assume that fixed overhead per unit is $$18.)$

$2$ 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 manufacturing cost per visor. $($Note: Assume that fixed overhead per unit is $$18.)$

Note: Round your answer to $2$ decimal places

Answer & Explanation Solved by verified expert

See Answer