Question

The following information applies to the questions displayed below.] Shadee Corp. expects to sell 630 sun visors in May and 440 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 75 and 40 units, respectively. Ending finished goods inventory for June will be 60 units.

Answer 1

1 Particulars 2 Budgeted sales units 3 Add: Ending inventory 4 Less: Beginning inventory 5 Budgeted production of Visors May 630 40 June 440 60 75 595 460 6 7 Budgeted cost of closures 8 |May 9 Budgeted production of Visors 10 Number of closures required per unit 11 Budeted closures required for production 12 Add: Ending inventory 13 Less: Beginning inventory 32 14 Closures purchased 585 15 Cost of closure $ 1.50 $ 16 Budgeted cost of closures purchased $ 877.50 $ 22 24 1.50 696 17 18 19 Budgeted production of Visors 20 Variable overhead per unit 21 Variable manufacturing overhead 22 Fixed manufacturing overhead 23 Budgeted manufacturing overhead May June 595460 $ 0.75 $ 0.75 $ 446.25 $ 345 $ 1,300 $ 1,300 $ 1,746.25 $ 1,645

1 May June 630 440 Particulars 2 Budgeted sales units 3 Add: Ending inventory 4 Less: Beginning inventory 5 Budgeted production of Visors 60 =+B3 =+C2+C3-C4 =+B2+B3-B4 7 Budgeted cost of closures 8 May June 9 Budgeted production of Visors =+B5 =+C5 10 Number of closures required per unit 11 Budeted closures required for production =+B9*B10 =+C9*c10 12 Add: Ending inventory 13 Less: Beginning inventory 32 =+B12 14 Closures purchased =+B11+B12-B13 =+C11+C12-C13 15 Cost of closure 16 Budgeted cost of closures purchased =+B14*B15 2+C14*015 1.5 1.5 17 June May =+B5 0.75 18 19 Budgeted production of Visors 20 Variable overhead per unit 21 Variable manufacturing overhead 22 Fixed manufacturing overhead 23 Budgeted manufacturing overhead =+B19*B20 1300 =+B21+B22 =+C5 0.75 =+C19*C20 1300 =+C21+C22

1 Particulars 2 Budgeted sales units 3 Add: Ending inventory 4 Less: Beginning inventory 5 Budgeted production of Visors May 630 40 June 440 60 75 595 460 6 7 Budgeted cost of closures 8 |May 9 Budgeted production of Visors 10 Number of closures required per unit 11 Budeted closures required for production 12 Add: Ending inventory 13 Less: Beginning inventory 32 14 Closures purchased 585 15 Cost of closure $ 1.50 $ 16 Budgeted cost of closures purchased $ 877.50 $ 22 24 1.50 696 17 18 19 Budgeted production of Visors 20 Variable overhead per unit 21 Variable manufacturing overhead 22 Fixed manufacturing overhead 23 Budgeted manufacturing overhead May June 595460 $ 0.75 $ 0.75 $ 446.25 $ 345 $ 1,300 $ 1,300 $ 1,746.25 $ 1,645