Questi X Course X C [The fc X C [The fc X C [The fc X C Shade X ASu McGra x M Sign In X A Ch. 6: x Cours( X A 5.1 - N X G matric x (14) In x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 8 Homework i Saved Help Save & Exit Submit Check my work 6 Required information [The following information applies to the questions displayed below.] Part 6 of 6 Shadee Corporation expects to sell 590 sun shades in May and 390 in June. Each shade sells for $143. Shadee's beginning and ending finished goods inventories for May are 75 and 50 shades, respectively. Ending finished goods 1.25 inventory for June will be 50 shades. points Each shade requires a total of $50.00 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, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. eBook Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour. Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced. Hint Additional information: . Selling costs are expected to be 10 percent of sales. Print . Fixed administrative expenses per month total $1,400. Required: References 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. SHADEE CORPORATION Budgeted Income Statement May June Budgeted Cost of Goods Sold Mc Graw HillQuesti X Course X C [The fc X C [The fc X C [The fc X C Shade X ASu McGra x M Sign In X A Ch. 6: x Cours( X A 5.1 - N X G matric x (14) In x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 8 Homework i Saved Help Save & Exit Submit Check my work 6 Required information Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour. Additionally, Shadee's Part 6 of 6 fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced. Additional information: 1.25 points . Selling costs are expected to be 10 percent of sales. . Fixed administrative expenses per month total $1,400. Required: Prepare Shadee's budgeted income statement for the months of May and June. eBook Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. Hint SHADEE CORPORATION Budgeted Income Statement Print Budgeted Cost of Goods Sold References Budgeted Gross Margin Budgeted Net Operating Income 6 . Mc Graw HillQuesti X Course X C [The fc X C [The fc X C [The fc X C Shade X ASu McGra x M Sign In X A Ch. 6: x Cours( X A 5.1 - N X G matric x (14) In x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... Chapter 8 Homework i Saved Help Save & Exit Submit Check my work 5 Required information Part 5 of 6 [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 590 sun shades in May and 390 in June. Each shade sells for $143. Shadee's 1.25 beginning and ending finished goods inventories for May are 75 and 50 shades, respectively. Ending finished goods inventory for June will be 50 shades. points Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to eBook have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour. Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced. Hint Additional information: Print . Selling costs are expected to be 10 percent of sales. . Fixed administrative expenses per month total $1,400. Required: References 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. May June Budgeted Selling and Administrative Expenses Mc Graw Hill