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Required information (The following information apolies to the questions displayed belaw] Shadee Corporation expects to sell 570 sun shades in May and 430 in June.
Required information (The following information apolies to the questions displayed belaw] Shadee Corporation expects to sell 570 sun shades in May and 430 in June. Each shade sells for $169. Shadee's beginning and ending finished goods inventories for May are 70 and 55 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. 5 hadee expects to have 120 in direct materials imventory on Mey 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Suppose that each shade takes three dircet labor hour to produce and Shadee peys its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and veriable manufacturing overhead is $12 per unit produced. Additional information: - Selling costs are expected to be 7 percent of sales. - Fixed administrative expenses per month total $1,100. Required: Prepare Shaclee's selling and administrative expense budget for May and June. Note: Do not round your Intermediate calculations. Round your answers to 2 decimal places
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