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Required information [The following information applies to the questions displayed below] Shadee Corp, expects to sell 650 sun visors in May and 350 in June.
Required information [The following information applies to the questions displayed below] Shadee Corp, expects to sell 650 sun visors in May and 350 in June. Each visor sells for $18. Shadee's beginning and ending finished goods inventories for May are 75 and 40 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $3.50 in direct materials that includes an adjustable closure that the company purchases from a supplie at a cost of $2.00 each. Shadee wants to have 29 closures on hand on May 1, 18 closures on May 31 , and 23 closures on June 30 . Additionally, Shadee's fixed manufacturing overhead is $1,500 per month, and variable manufacturing overhead is $2.00 per unit produced. Each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $11 per hour. Additional information: - Selling costs are expected to be 7 percent of sales. - Fixed administrative expenses per month total $1,200. 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.) (B) Answer is complete but not entirely correct
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