1 Shadee Corp expects to sell 570 sun visors in May and 330 in June Each visor sells for $17 Shadees beginning and ending finished goods inventories for May are 80 and 50 units, respectively Ending finished goods inventory for June will be 55 units Each visor requires a total of $3 50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2 00 each Shadee wants to have 34 closures on hand on May 1, 19 closures on May 31, and 21 closures on June 30 Additionally, Shadees fixed manufacturing overhead is $1,600 per month, and variable manufacturing overhead is $2 75 per unit produced Each visor takes 0 30 direct labor hours to produce and Shadee pays its workers $10 per hour Additional information Selling costs are expected to be 9 percent of sales Fixed administrative expenses per month total $1,300 Required Determine Shadee's budgeted selling and administrative expenses for May and June (Do not round your intermediate calculations Round your answers to 2 decimal places ) May June Budgeted Selling and Administrative Expenses 2 Shadee Corp expects to sell 570 sun visors in May and 330 in June Each visor sells for $17 Shadees beginning and ending finished goods inventories for May are 80 and 50 units, respectively Ending finished goods inventory for June will be 55 units Each visor requires a total of $3 50 in direct materials that include an adjustable closure that the company purchases from a supplier at a cost of $2 00 each Shadee wants to have 34 closures on hand on May 1, 19 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $2 75 per unit produced Suppose that each visor takes 0 30 direct labor hours to produce and Shadee pays its workers $10 per hour Additional information Selling costs are expected to be 9 percent of sales Fixed administrative expenses per month total $1,300 Required Complete Shadee's budgeted income statement for the months of May and June (Note Assume that fixed overhead per unit is $1 30 ) (Do not round your intermediate calculations Round your answers to 2 decimal places ) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income

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1. Shadee Corp. expects to sell 570 sun visors in May and 330 in June. Each visor sells for $17. Shadees beginning and ending finished

1. Shadee Corp. expects to sell 570 sun visors in May and 330 in June. Each visor sells for $17. Shadees beginning and ending finished goods inventories for May are 80 and 50 units, respectively. Ending finished goods inventory for June will be 55 units.

Each visor requires a total of $3.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 34 closures on hand on May 1, 19 closures on May 31, and 21 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $1,600 per month, and variable manufacturing overhead is $2.75 per unit produced. Each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information:

Selling costs are expected to be 9 percent of sales.
Fixed administrative expenses per month total $1,300.

Required: Determine Shadee's budgeted selling and administrative expenses for May and June. (Do not round your intermediate calculations. Round your answers to 2 decimal places.)

	May	June
Budgeted Selling and Administrative Expenses

2. Shadee Corp. expects to sell 570 sun visors in May and 330 in June. Each visor sells for $17. Shadees beginning and ending finished goods inventories for May are 80 and 50 units, respectively. Ending finished goods inventory for June will be 55 units.

Each visor requires a total of $3.50 in direct materials that include an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 34 closures on hand on May 1, 19 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $2.75 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information:

Selling costs are expected to be 9 percent of sales.
Fixed administrative expenses per month total $1,300.

Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $1.30.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)

SHADEE CORP. Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income