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please help Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 570 sun visors in May and 360
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Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 570 sun visors in May and 360 in June. Each visor sells for $14. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively. Ending finished goods inventory for June will be 60 units Required: 1. Determine Shadee's budgeted total sales for May and June. May June Budgeted Total Sales 2. Determine Shadee's budgeted production in units for May and June May June Budgeted Production (Units) Required information The following information applies to the questions displayed below.) Shadee Corp. expects to sell 570 sun visors in May and 360 in June. Each visor sells for $14. Shadee's beginning and ending finished goods inventories for May are 60 and 50 units, respectively, Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 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 30 closures on hand on May 1, 20 closures on May 31, and 20 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $700 per month, and variable manufacturing overhead is $1.75 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 2. Determine Shadee's budget manufacturing overhead for May and June (Do not round your intermediate values. Round your answers to 2 decimal places.) May June Budgeted Manufacturing Overhoud Shadee Corp. expects to sell 530 sun visors in May and 430 in June. Each visor sells for $11. Shadee's beginning and ending finished goods inventories for May are 80 and 60 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July August September 515 470 460 Sixty percent of Shadee's sales are cash Of the credit sales, 50 percent is collected in the month of the sale, 37 percent is collected during the following month, and 13 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) August September Total Cash Receipts Step by Step Solution
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