FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Required information Skip to question [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 620 sun shades in May and 360 in June. Each shade sells for $145. Shadee's beginning and ending finished goods inventories for May are 70 and 60 shades, respectively. Ending finished goods inventory for June will be 50 shades. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $13 per unit produced. Required: Prepare Shadee's direct labor budget for May and June. Prepare Shadee's manufacturing overhead budget for May and June.
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Transcribed Image Text:Required information Skip to question [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 620 sun shades in May and 360 in June. Each shade sells for $145. Shadee's beginning and ending finished goods inventories for May are 70 and 60 shades, respectively. Ending finished goods inventory for June will be 50 shades. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $13 per unit produced. Required: Prepare Shadee's direct labor budget for May and June. Prepare Shadee's manufacturing overhead budget for May and June.
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Step 1: Direct labor budget and Manufacturing overhead budget :
VIEW
Step 2: Preparation of direct labor cost budget :
VIEW
Step 3: Preparation of manufacturing overhead budget:
VIEW
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