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SB Exercise E8.5 to E810 [The following information applies to the questions displayed below. Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-5 (Algo) Calculating Sales and Production Budgets [LO 8-3a, b] Required: 1. Prepare Shadee's sales budget for May and June. 2. Prepare Shadee's production budget for May and June. Complete this question by entering your answers in the tabs below. Prepare Shadee's sales budget for May and June. Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-5 (Algo) Calculating Sales and Production Budgets [LO 8-3a, b] Required: 1. Prepare Shadee's sales budget for May and June. 2. Prepare Shadee's production budget for May and June. Complete this question by entering your answers in the tabs below. Prepare Shadee's production budget for May and June. Shadee Corporation expects to sell 600 sun shades in May and 380 in June, Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1,80 poles in inventory on May 31 , and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d] Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Required: 1. Prepare Shadee's direct labor budget for May and June. 2. Prepare Shadee's manufacturing overhead budget for May and June. Complete this question by entering your answers in the tabs below. Prepare Shadee's direct labor budget for May and June. Note: Do not round your intermedate calculations. Round your answers to 2 decimal places. Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively, Ending finished goods inventory for June will be 55 shades. E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d] Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufactuting overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Required: 1. Prepare Shadee's direct labor budget for May and June. 2. Prepare Shadee's manufacturing overhead budget for May and June. Complete this question by entering your answers in the tabs below. Prepare Shadee's manufacturing overhead budget for May and June. Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $20.) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $20.) Note: Round your answer to 2 decimal places. Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1,80 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $20 ) 2. Prepare Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted cost of goods sold for May and June. Note: Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places. Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10,00 each. Shadee expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31 , and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Additional information: - Selling costs are expected to be 10 percent of sales. - Fixed administrative expenses per month total $1,200. Required: Prepare Shadee's selling and administrative expense budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 600 sun shades in May and 380 in June. Each shade sells for $163. Shadee's beginning and ending finished goods inventories for May are 75 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. E8-10 (Algo) Preparing Budgeted Income Statement [LO 8-3h] Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1,80 poles in inventory on May 31 , and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $8,000 per month, and variable manufacturing overhead is $12 per unit produced. Additional information: - Selling costs are expected to be 10 percent of sales. - Fixed administrative expenses per month total $1,200. Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. - Selling costs are expected to be 10 percent of sales. - Fixed administrative expenses per month total $1,200. Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places
