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Help Required Information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 630 sun visors in May and 310 in
Help Required Information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 630 sun visors in May and 310 in June. Each visor sells for $26. Shadee's beginning and ending finished goods inventories for May are 65 and 40 units, respectively, Ending finished goods inventory for June will be 55 units. Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50 each. Shadee wants to have 31 closures on hand on May 1, 23 closures on May 31, and 21 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $1.75 per unit produced. Each visor takes 0.50 direct labor hours to produce and Shadee pays its workers $9 per hour. Additional Information: . Selling costs are expected to be 8 percent of sales. Fixed administrative expenses per month total $1,200. 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.) June May Budgeted Selling and Administrative Expenses
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