Required Information SB Exercise E8-5 to E8-10 The following information applies to the questions displayed below.) Shadee Corp. expects to sell 560 sun visors in May and 440 in June. Each visor sells for $30. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. E8-6 (Algo) Preparing Direct Materlals Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] Each visor requires a total of $5.00 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. 19 closures on May 31, and 23 closures on June 30. Additionally. Shadee's fixed manufacturing overhead is $1,500 per month, and variable manufacturing overnead is $2.50 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) June May 1,200.00 Budgeted Cost of Closures Purchased S Required Information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 560 sun visors in May and 440 in June. Each visor sells for $30. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. E8-6 (Algo) Preparing Direct Materlals Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] Each visor requires a total of $5.00 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, 19 closures on May 31, and 23 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,500 per month and variable manufacturing overead is $2.50 per unit produced Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 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 2.787.50 June 2.850.00 Budgeted Manufacturing Overhead $ Required Information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 560 sun visors in May and 440 in June. Each visor sells for $30. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. E8-7 (Algo) Preparing Direct Labor Budget [LO 8-3d] Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $12 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.) May June Budgeted Direct Labor Cost Required Information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 560 sun visors in May and 440 in June. Each visor sells for $30. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget (LO 8-31] Each visor requires a total of $5.00 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, 19 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $12 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit Required Information SB Exercise E8-5 to E8-10 {The following information applies to the questions displayed below.) Shadee Corp. expects to sell 560 sun visors in May and 440 in June. Each visor sells for $30. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each visor requires a total of $5.00 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. 19 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $12 per hour. Required: 1. Determine shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $3.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) May June Budgeted Cost of Goods Sold ! Required Information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 560 sun visors in May and 440 in June. Each visor sells for $30. Shadee's beginning and ending finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. 8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] ach visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier t a cost of $2.50 each. Shadee wants to have 30 closures on hand on May 1, 19 closures on May 31, and 23 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,500 per month, and variable manufacturing overhead is $2.50 per unit roduced. Each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $12 per hour. Additional information: . Selling costs are expected to be 10 percent of sales. Fixed administrative expenses per month total $1,700. 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 Required Information SB Exercise EB-5 to E8-10 The following Information applies to the questions espeyed below.) Shabee Corp. expects to sell 560 sun visars in Mey end 440 m June. Each viser sels for $30 Shadee's beginning and ensing finished goods inventories for May are 85 and 40 units, respectively. Ending finished goods inventory for June will be 65 units. E8-10 (Algo) Preparing Budgeted Income Statement [LO 8-3h] Esch vor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from suppler at a cost of $2.50 each. Snadee want to have 30 closures on and on Misy 2 19 closures on May 31 ans 25 cosures on June 30 and variable manufacturing overhead 1$2.50 per unit produces. Suppose tnstesch visor take: 0.66 direct sbor hours to produce and Shadee Days its workers S12 per hour Additional information Selling costs are expected to be 10 percent of sales, Fixed administrative expenses per month tots $100. Required: Complete Shadee's budgeted Income sistement for the months of May and June. (Note: Assume that fixed overhead per unit to $3.00.1 (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income statement May June Budotad Gross Mergin Budgeted Net Operating Income Required Information SB Exercise E8-5 to E8-10 {The following information applies to the questions displayed below.) Shadee Corp. expects to sell 560 sun visors In May and 440 in June. Each visor sells for $30. Shadee's beginning and ending finished goods Inventories for May are 85 and 40 units, respectively. Ending finished goods Inventory for June will be 65 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. Required 1 Required 2 Determine Shadee's budgeted total sales for May and June. May June Budgeted Total Sales S 18.800 S 13,200