Reference no: EM131294259
Shadee Corp. expects to sell 540 sun visors in May and 370 in June. Each visor sells for $21. Shadee’s beginning and ending finished goods inventories for May are 75 and 40 units, respectively. Ending finished goods inventory for June will be 50 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, 21 closures on May 31, and 20 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $9 per hour
1. Determine Shadee’s budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.20.)
2. Compute the Shadee’s budgeted cost of goods sold for May and June. (Use rounded cost per unit in intermediate calculations.)
Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $1.25 per unit produced. Each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour.
Additional information:
• Selling costs are expected to be 8 percent of sales.
• Fixed administrative expenses per month total $1,400.
3. Determine Shadee's budgeted selling and administrative expenses for May and June. (Do not round your intermediate calculations.)
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