1. Budgeted manufacturing cost per unit: | ||
Manufacturing Cost per Unit [Refer working note 1] | $8.85 | |
2. Budgeted Cost of Goods Sold: | ||
May | June | |
Budgeted Cost of Goods Sold [Refer working note 2] | $5,575.50 | $3,894.00 |
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Working note 1 - Calculation of Budgeted Manufacturing cost per visor | ||
Direct material cost per visor | $5.00 | |
Direct labor cost per visor: | ||
Number of hours required to manufacture a visor (a) | 0.20 | |
Direct labor cost per hour (b) | $10 | |
Direct labor cost per visor (a x b) | $2.00 | |
Manufacturing overhead cost: | ||
Variable manufacturing overhead per visor (c) | $0.75 | |
Fixed Manufacturing Overhead per visor (d) | $1.10 | |
Total manufacturing cost per visor (c + d) | $1.85 | |
Manufacturing Cost per visor [Direct material + Direct labor cost + Manufacturing overhead cost | $8.85 |
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Working note 2 - Calculation of cost of goods sold | ||
May | June | |
a. Budgeted sales (In units) | 630 | 440 |
b. Cost per unit [Refer working note 1] | $8.85 | $8.85 |
Cost of Goods Sold (a x b) | $5,575.50 | $3,894.00 |
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 630 sun...
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. 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 $1.50...
[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. 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 $1.50...
[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. 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 $1.50...
The following information applies to the questions displayed below.] Shadee Corp. expects to sell 530 sun visors in May and 370 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 65 and 60 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50...
The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun visors in May and 440 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 70 and 45 units, respectively. Ending finished goods inventory for June will be 50 units. value: Required information value Required information 6.66 points Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases...
[The following information applies to the questions displayed below.] Shadee Corp. expects to sell 610 sun visors In May and 400 In June. Each visor sells for $19. Shadee's beginning and ending finished goods Inventories for May are 85 and 55 units, respectively. Ending finished goods Inventory for June will be 55 units. References Section Break SB Exercise E8-5 to E8-10 value: Required information 1.50 points E8-5 Calculating Sales and Production Budgets [LO 8-3a, b] Required: 1. Determine Shadee's budgeted...
Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 570 sun visors in May and 300 in June. Each visor sells for $28. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 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...
[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. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $10 per hour. Required: Determine Shadee's budgeted direct labor cost for...
Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 570 sun visors in May and 300 in June. Each visor sells for $28. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 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...
Required Information [The following Information applies to the questions displayed below.] Shadee Corp. expects to sell 590 sun visors In May and 410 In June. Each visor sells for $22. Shadee's beginning and ending finished goods Inventories for May are 80 and 55 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...