Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 610 sun visors in May and 380 in June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods irventory for June will be 70 units. Each visor requires a total of $5.50 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 32 closures on hand on May 1.17 closures on May 31 , and 21 closures on June 30 and varlable manulacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.50 direct labor hours to produce and Shadee pays lts workers $6 per hour. Additional information: - Selling costs are expected to be 6 percent of sales. - Fixed administrative expenses per month total $1.600 Required: Complete Shadee's budgeted income statement for the months of May and Jurie, (Note. Assume that fixed overhead per unit is $5.00) (Do not round your intermediote colculations. Round your answers to 2 decimal ploces.) - Fixed administrative expenses per month total $1,600. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhesd per unt is 55 . 00 ) (Do not round your intermediote calculations. Round your answers to 2 decimal places.) Shadee Corp. expects to sell 590 sun visors in May and 320 in June. Each visor sells for $18. Shadee's beginning and ending flinished goods inveritories for May are 65 and 50 units, respectively. Ending finished goods inventory for June will be 55 units. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 54 percent is collected in the month of the sale, 39 percent is colected during the following month. and 7 percent is never collected. Required: Calculate Shadee's total cash recelpts for August and September. (Do not round your intermediote colculations. Round your antwarn to the nearest whole doller.) Croy inc has the following projected sales for the next five months: Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Drect materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materlals inventory pollcy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materlals on hand at March far totaled 3,618 pounds. Required: 1. Determine budgeled production for Aprii, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Determine budgeted production for Aprii, May, and June. TDo thot round yeur intermedisto calculations and round your firal answers to the nearest whole number.)
