Ch. 8 Quesiton 4 Homework Please answer and explain this question correctly. The previous answer given to me was incorrect. Thank you. 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 $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $1.25 per unit produced. Required:1. Determine Shadee's budgeted cost of closures purchased for May and June2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) **if you cannot solve from the information given then use your own example and show how I would solve a quesiton asking for this information

Financial & Managerial Accounting
14th Edition
ISBN:9781337119207
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter22: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 22.5BPR
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Ch. 8 Quesiton 4 Homework

Please answer and explain this question correctly. The previous answer given to me was incorrect. Thank you.


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 $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $1.25 per unit produced.

Required:
1. Determine Shadee's budgeted cost of closures purchased for May and June
2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate calculations. Round your answers to 2 decimal places.)

**if you cannot solve from the information given then use your own example and show how I would solve a quesiton asking for this information

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