Question

Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell...

Required information

[The following information applies to the questions displayed below.]

Shadee Corp. expects to sell 580 sun visors in May and 310 in June. Each visor sells for $22. Shadee’s beginning and ending finished goods inventories for May are 70 and 60 units, respectively. Ending finished goods inventory for June will be 70 units.

Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour.

Required:

Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.)

Homework Answers

Answer #1

Solution

May June
Budgeted Direct labor cost $    798.00 $        448.00

Working

May June
Units to be sold 580 310
Desired Ending Finished Inventory 60 70
Total Units needed 640 380
Less : Beginning Finished Inventory 70 60
Units to be Produced 570 320
Labor hours per unit 0.2 0.2
Total labor hours 114 64
Rate per hour $        7.00 $            7.00
Budgeted Direct labor cost $    798.00 $        448.00
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