M8-8 (Algo) Preparing Production Budget [LO 8-3b] Becker Bikes manufactures tricycles. The company expects to sell 540 units in May and 670 units in June. Beginning and ending finished goods for May is expected to be 190 and 155 units, respectively. June's ending finished goods is expected to be 165 units. Compute Becker's production budget for May and June. M8-14 (Algo) Preparing Schedule of Cash Receipts [LO 8-4] Getty Company expects sales for the first three months of next year to be $215,000,$245,000 and $295,000, respectively. Getty expects 30 percent of its sales to be cash and the remainder to be credit sales. The credit sales will be collected as follows: 10 percent in the month of the sale and 90 percent in the following month. Compute a schedule of Getty's cash receipts for the months of February and March. Lindell Company made direct material purchases of $48,800 and $60,800 in September and October, respectively. The company pays 60% of its purchases in the month of purchase and 40% is paid in the following month. How much cash was paid for purchases in October? [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 620 sun visors in May and 360 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 70 and 55 units, respectively. Ending finished goods inventory for June will be 60 units. E8-5 (Algo) Calculating Sales and Production Budgets [LO 8-3a, b] Required: 1. Determine Shadee's budgeted total sales for May and June. 2. Determine Shadee's budgeted production in units for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted total sales for May and June. Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 620 sun visors in May and 360 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 70 and 55 units, respectively. Ending finished goods inventory for June will be 60 units. E8-7 (Algo) Preparing Direct Labor Budget [LO 8-3d] Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $11 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.) E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 70 and 50 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 36 percent is collected during the following month, and 14 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.) Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year: The majority of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 40 percent are collected in the month of sale and 60 percent are collected in the following month. All of Martin's purchases are on account with 55 percent paid in the month of purchase and 45 percent paid the following month. Required: 1. Determine budgeted cash collections for July and August. 2. Determine budgeted cash payments for July and August