Question

Valve 2.00 points Required information Each visor requires a total of $4.50 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 31 closures on hand on May 1, 18 closures on May 31, and 22 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $2.50 per unit produced Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) May June Budgeted Cost of Closures Purchased our answers to 2 decimal places.) 2. Determine Shadee's budget manufacturing overhead for May and June. (Do no May June Budgeted Manufacturing Overhead

Answer 1

Production data is not attached. But I have already solved a similar question. So I used that data and solved this.

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Shadee’s
Budgeted Production in Units	May	June
Sales in units	570.00	300.00
Add: Desired Ending Inventory	40.00	60.00
Total units needed	610.00	360.00
Less: Beginning Inventory	85.00	40.00
Budgeted Production in Units	525.00	320.00	A
Answer 1
Budgeted Purchase of closures	May	June
Budgeted Production in Units	525.00	320.00	See A
Closures required per unit	1.00	1.00	B
Closures required for Production	525.00	320.00	C=A*B
Add: Desired Ending Inventory	18.00	22.00
Total units needed	543.00	342.00
Less: Beginning Inventory	31.00	18.00
Budgeted Purchase of closures	512.00	324.00	D
Cost per unit of closure	1.50	1.50	E
Budgeted cost of closures purchased	768.00	486.00	F=D*E
Answer 2
Budgeted Manufacturing overhead	May	June
Budgeted Production in Units	525.00	320.00	See A
Variable Manufacturing overhead per unit	2.50	2.50	G
Total Variable Manufacturing overhead	1,312.50	800.00	H=A*G
Fixed Manufacturing overhead	1,100.00	1,100.00	I
Budgeted Manufacturing overhead	2,412.50	1,900.00	J=H+I