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Finder File Edit View Go Window Help 49% ???) Tue Jun 19 7:14 PM Alex Q?E ezto.mheducation.com Home alamo.edu McGraw-Hill Connect Chapter 8 Exercises Questions 1-5 (of 15) ? Save & Exit Submit The following information applies to the questions displayed below.] Shadee Corp. expects to sell 530 sun visors in May and 310 in June. Each visor sells for $24. Shadee's beginning and ending finished goods inventories for May are 65 and 40 units, respectively. Ending finished goods inventory for June will be 55 units Required information 6.66 points Required: 1. Determine Shadee's budgeted total sales for May and June. May June Budgated Total Sales 2. Determine Shadee's budgeted production in units for May and June. Budgeted Production (Units) Hints References eBook & Resources Hint #1 Ask your instructor a questionCheck my work popcorntime apExplanation / Answer
(1)(i)
May
June
Budgeted unit sales
530
310
SP
24
24
Budgeted Total Sales
12720
7440
(1)(ii)
May
June
Budgeted unit Sales
530
310
(-) Beginning Inventory of FG
65
40
(+) Ending Inventory of FG
40
55
Budgeted Production (units)
505
325
(2)(i)
May
June
Budgeted requirement of closure
(505 * 1)
=505
(325 * 1)
=325
(-) Beginning Inventory
32
23
(+) Ending Inventory
23
21
Closure Purchased Budgeted (units)
496
323
Closure cost per unit
2.5
2.5
Budgeted cost of closure purchased
(496 * 2.5)
=1240
(323 * 2.5)
=807.5
(2)(ii)
May
June
Variable O/H
(505 * 2.5)
=1262.5
(325 * 2.5)
=812.5
Fixed O/H
1300
1300
Bdt Manufacturing O/H
2562.5
2112.5
(3)
May
June
Budgeted Production (units)
505
325
Labour hr per unit
0.80
0.80
Labour Hours Total
(505 * 0.80)
=404
(325 * 0.80)
=260
Labour hr rate
10
10
Budgeted Direct Labour Cost
(404 * 10)
=4040
(260 * 10)
=2600
(4)(i)
Direct Material
4.5
Direct Labour
(0.80 * 10)
=8
Variable O/H
2.5
Fixed O/H
1.2
Manufacturing Cost per unit
16.2
(4)(ii)
May
June
Unit sales
530
310
Mfr cost per unit
16.2
16.2
COGS
(530 * 16.2)
=8586
(310 * 16.2)
=5022
(5)
May
June
Budgeted Total Sales
12720
7440
Selling cost
(12720 * 7%)
=890.4
(7440 * 7%)
=520.8
Fixed Adm Exp
1300
1300
Budgeted Adm & Selling Exp
2190.4
1820.8
May
June
Budgeted unit sales
530
310
SP
24
24
Budgeted Total Sales
12720
7440
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