Shadee Corporation expects to sell 640 sun shades in May and 340 in June. Each shade sells for $137. Shadee's beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Poles Purchased May June Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $11 per unit produced. Prepare Shadee's direct labor budget for May and June. 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. Budgeted Direct Labor Cost Required 1 Required 2 May June Prepare Shadee's manufacturing overhead budget for May and June. May Budgeted Manufacturing Overhead < Required 1 June Required 2 >
Shadee Corporation expects to sell 640 sun shades in May and 340 in June. Each shade sells for $137. Shadee's beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Poles Purchased May June Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $11 per unit produced. Prepare Shadee's direct labor budget for May and June. 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. Budgeted Direct Labor Cost Required 1 Required 2 May June Prepare Shadee's manufacturing overhead budget for May and June. May Budgeted Manufacturing Overhead < Required 1 June Required 2 >
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Chapter8: Budgeting For Planning And Control
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
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A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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![Shadee Corporation expects to sell 640 sun shades in May and 340 in June. Each shade sells for $137. Shadee's
beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods
inventory for June will be 60 shades.
E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e]
Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to
have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
Budgeted Cost of Poles Purchased
May
June
Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's
fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $11 per unit produced.
Prepare Shadee's direct labor budget for May and June.
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.
Budgeted Direct Labor Cost
Required 1
Required 2
May
June
<Required 1
Required 2 >
Prepare Shadee's manufacturing overhead budget for May and June.
May
Budgeted Manufacturing Overhead
< Required 1
June
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe10ab071-1842-4207-8109-7ec14309817d%2F3cc460d7-e6bd-491b-8834-ae41c390d06b%2F6lauixt_processed.png&w=3840&q=75)
Transcribed Image Text:Shadee Corporation expects to sell 640 sun shades in May and 340 in June. Each shade sells for $137. Shadee's
beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods
inventory for June will be 60 shades.
E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e]
Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to
have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
Budgeted Cost of Poles Purchased
May
June
Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's
fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $11 per unit produced.
Prepare Shadee's direct labor budget for May and June.
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.
Budgeted Direct Labor Cost
Required 1
Required 2
May
June
<Required 1
Required 2 >
Prepare Shadee's manufacturing overhead budget for May and June.
May
Budgeted Manufacturing Overhead
< Required 1
June
Required 2 >
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