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please help! Required information The following information applies to the questions displayed below.) Shadee Corp. expects to sell 530 sun visors in May and 370
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Required information The following information applies to the questions displayed below.) Shadee Corp. expects to sell 530 sun visors in May and 370 in June. Each visor sells for $27. Shadee's beginning and ending finished goods inventories for May are 65 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. Each visor requires a total of $5.50 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 35 closures on hand on May 1, 17 closures on May 31, and 26 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1.400 per month, and variable manufacturing overhead is $2.00 per unit produced. Each visor takes 070 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information: . Selling costs are expected to be 10 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 Step by Step Solution
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