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E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 600 sun visors in May and 310 in June. Each visor sells for $10. Shadee's beginning and ending finished goods inventories for May are 70 and 40 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter: July August September 545 470 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 38 percent is collected during the following month, and 10 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) Total Cash Receipts August September 00 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 630 sun visors in May and 390 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 65 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] 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 $2.00 each. Shadee wants to have 30 closures on hand on May 1, 17 closures on May 31, and 25 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $2.00 per unit produced. Each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Additional information: Selling costs are expected to be 8 percent of sales. Fixed administrative expenses per month total $1,500. 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.) Budgeted Selling and Administrative Expenses May June Line following information applies to the questions displayed below. Shadee Corp. expects to sell 630 sun visors in May and 390 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 65 and 50 units, respectively. Ending finished goods inventory for June will be 60 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] 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 $2.00 each, Shadee wants to have 30 closures on hand on May 1, 17 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $6.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) May Budgeted Cost of Goods Sold June