Required information SB Exercise E8-5 to E8-10 (The following information applies to the questions displayed below) Shadee Corp, expects to sell 500 sun visors in May and 390 In June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 85 and 55 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 production in units for May and June. May June Budgeted Production (Units) 16 Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below) Shadee Corp. expects to sell 500 sun visors in May and 390 in June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 85 and 55 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 0.60 direct labor hours to produce and Shadee pays its workers 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 Cont ces 7 SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below) Shadee Corp. expects to sell 500 sun visors in May and 390 in June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 85 and 55 units, respectively Ending finished goods Inventory for June will be 65 units. 15 E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] 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 $1.50 each. Shadee wants to have 34 closures on hand on May 1, 16 closures on May 31 , and 23 closures on June 30 and variable manufacturing overhead is $2.75 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $10 per hour Required: 1. Determine Shadee's budgeted manufacturing cost per visor (Note: Assume that fixed overhead per unit is $2) 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 Inces Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit CR Required 2 > 5 SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 500 sun visors in May and 390 In June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 85 and 55 units, respectively, Ending finished goods inventory for June will be 65 units of 6 E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] OK 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 $1.50 each. Shadee wants to have 34 closures on hand on May 1, 16 closures on May 31, and 23 closures on June 30, Additionally, Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $2.75 per unit produced. Each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information: Selling costs are expected to be 11 percent of sales Fixed administrative expenses per month total $1,500. ht 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.) nces May June Budgeted Selling and Administrative Expenses Required information br 6 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 $1.50 each. Shadee wants to have 34 closures on hand on May 1, 16 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.75 per unit produced. Suppose that each visor takes 0.60 direct lobor hours to produce and Shadee pays its workers $10 per hour Additional information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,500. ok Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fixed overhead per unit is $2.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June nces Budgeted Gross Margin Budgeted Net Operating Income E8-11 (Algo) Calculating Cash Receipts [LO 8-4) Shadee Corp, expects to sell 610 sun visors in May and 430 in June. Each visor sells for $18.Shadee's beginning and ending finished goods Inventories for May are 70 and 60 units, respectively. Ending finished goods inventory for June will be 60 units, It expects the following unit sales for the third quarter: July August September 515 460 440 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 36 percent is collected during the following month, and 12 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