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Required Information [The following information applies to the questions displayed below] Shadee Corp. expects to sell 590 sun visors in May and 410 in
Required Information [The following information applies to the questions displayed below] Shadee Corp. expects to sell 590 sun visors in May and 410 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June will be 55 units 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 $1.50 each, Shadee wants to have 28 closures on hand on May 1, 22 closures on May 31, and 24 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $800 per month, and variable manufacturing overhead is $100 per unit produced. Each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $6 per hour Additional information Selling costs are expected to be 8 percent of sales Fixed administrative expenses per month total $1,300. 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
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