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Required information (The following information applies to the questions displayed below.) Shadee Corp. expects to sell 570 sun visors in May and 320 in June.
Required information (The following information applies to the questions displayed below.) Shadee Corp. expects to sell 570 sun visors in May and 320 in June. Each visor sells for $29. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 50 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 $2.00 each. Shadee wants to have 26 closures on hand on May 1,18 closures on May 31, and 25 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $700 per month, and variable manufacturing overhead is $1.50 per unit produced. Each visor takes 0.90 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information: . Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,200, Required: Determine Shodee's budgeted selling and administrative expenses for May and Juno (Do not round your intermediate calculations Round your answers to 2 decimal places.) May June Budgeted Selling and Administrative Expenses
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