Chrome File Edit View History Bookmarks People Window Help 8 ,-) 100% E a. Sat A

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Chrome File Edit View History Bookmarks People Window Help 8 ,-) 100% E a. Sat Apr 71:51 AM Bry Q ?? O 24/7 lofi hip hop radio-be McGraw-Hill Connect x Chapter 8 Homework xCShadee Corp. Expects To Sel x C Shadee Corp. Expects To Sel x Bryan cNot Secure ezto.mheducation.com/hm.tpx Shadee Corp. expects to sell 530 sun visors in May and 410 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 85 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. References Section Break SB Exercise E8-5 to E8-10 2. 2.00 points Required information E8-6 Preparing Raw Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] 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 $2.00 each. Shadee wants to have 30 closures on hand on May 1, 17 closures on May 31, and 25 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $1.00 per unit produced Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. Round your answers to 2 decimal places.) May $ 2,094.00$ 1,654.00 June Budgeted Cost of Closures Purchased 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) June

Explanation / Answer

Production Budget May June No of Units Sold 430 410 Add Ending Finished goods 50 60 Less Beginning Finished 85 50 No of Units Produced 395 420 Purchase Budget May June Units for Production 395 420 Add ending inventory 17 25 Less Beginning inventory 30 17 Purchase Requirement in Units 382 428 Rate Per Unit 4 4 Budgeted Cost of Closure Purchased 1528 1712 Direct Labor Budget May June No of Units Produced 395 420 Labor Hr Per Unit 0.4 0.4 Total Hour Required 158 168 Rate per Hr 6 6 Budgeted Labor Cost 948 1008 Direct Labor Budget May June No of Units Produced 395 420 Labor Hr Per Unit 0.4 0.4 Total Hour Required 158 168 Rate per Hr 6 6 Budgeted Labor Cost 948 1008

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