1 answer

Each Visor requires a total of $4.50 in direct materials that includes an adjustable closure that...

Question:

Each Visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from

The following information applies to the questions displayed below.) Shadee Corp. expects to sell 570 sun visors in May and 3
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 $1.50 each. Shadee war to have 31 closures on hand on May 1, 18 closures on May 31, and 22 closures on June 30. Additionally, Shadeo's fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $2.50 per unit produced. Each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $7 per hour. Additional information: • Selling costs are expected to be 12 percent of sales. • Fixed administrative expenses per month total $1,400. Required: Determine Shadee's budgeted selling and administrative expenses for May and June. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Budgeted Selling and Administrative Expenses
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 $20.Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 60 units.

Answers

Budgeted Sales:-
May   June
a Budgeted Sales Units                                         570                                        300
b Selling Price per unit $                                       20 $                                      20
c Budgeted sales (a*b)                                   11,400                                    6,000
Budgeted Selling and Administrative expense:-
May   June
Selling Costs (12% of Budgeted sales)                                     1,368                                        720
Fixed Administive Expenses                                     1,400                                    1,400
Budgeted Selling and Administrative expense                                     2,768                                    2,120

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