Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 500 sun shades in May and 390 in June. Each shade sells for $144. Shadee's beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Closures Purchased May June
Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 500 sun shades in May and 390 in June. Each shade sells for $144. Shadee's beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods inventory for June will be 70 shades. Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Closures Purchased May June
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 500 sun shades in May and 390 in June. Each shade sells for $144. Shadee's
beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to
have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
Budgeted Cost of Closures Purchased
May
June](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F950ebe63-1143-4363-a920-140224c3e4ad%2Fbbcecd90-6079-4188-8006-90b802221fdb%2Fhq3d83s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:0
Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 500 sun shades in May and 390 in June. Each shade sells for $144. Shadee's
beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to
have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
Budgeted Cost of Closures Purchased
May
June
![Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 500 sun shades in May and 390 in June. Each shade sells for $144. Shadee's
beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally, Shadee's
fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced.
Required:
1. Prepare Shadee's direct labor budget for May and June.
2. Prepare Shadee's manufacturing overhead budget for May and June.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Prepare Shadee's direct labor budget for May and June.
Note: Do not round your intermediate calculations. Round your answers to 2 decimal places.
May
June
Budgeted Direct Labor Cost
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F950ebe63-1143-4363-a920-140224c3e4ad%2Fbbcecd90-6079-4188-8006-90b802221fdb%2F8simvl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 500 sun shades in May and 390 in June. Each shade sells for $144. Shadee's
beginning and ending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods
inventory for June will be 70 shades.
Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally, Shadee's
fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced.
Required:
1. Prepare Shadee's direct labor budget for May and June.
2. Prepare Shadee's manufacturing overhead budget for May and June.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Prepare Shadee's direct labor budget for May and June.
Note: Do not round your intermediate calculations. Round your answers to 2 decimal places.
May
June
Budgeted Direct Labor Cost
Required 2 >
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