Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for \$141. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 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. SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for $141. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-10 (Algo) Preparing Budgeted Income Statement [LO 8-3h] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 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 $13 per hour. Additionally. Shadee fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 per unit produced. Additional information: - Selling costs are expected to be 9 percent of sales. - Fixed administrative expenses per month total $1,300. 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. [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for \$141. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8.9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8.3g] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 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 $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 per unit produced. Additional information: - Selling costs are expected to be 9 percent of sales. - Fixed administrative expenses per month total $1,300. Required: Prepare Shadee's selling and adminlstrative expense budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. [The following information applies to the questions displayed below] Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for \$141. Shadee's beginning and ending finished goods inventories for May are 80 and 55 shades, respectively. Ending ffnished goods inventory for June will be 60 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 $13 per hour. Additionally, Shadee's xed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 per unit produced. Required: 1. Prepare Shadee's direct labor budget for May and June. . Prepare Shadee's manufacturing overhead budget for May and June: Complete this question by entering your answers in the tabs below. SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below] Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for $141. Shadee's beginning and ending finished goods inventorles for May are 80 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects have 130 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 $13 per hour. Additionally. Sha fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 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 $16.) 2. Prepare Shadee's budgeted cost of goods sold for May and June
