Shadee Corp, expects to sell 600 sun visors in May and 340 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 70 and 55 units, respectively. Ending finished goods inventory for June will be 70 units. It expects the following unit sales for the third quarter: July August September 530 480 460 Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 37 percent is collected during the following month, and 11 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) Answer is complete but not entirely correct. Total Cash Receipts August 5,794 September 5,418 S PA8-4 (Algo) Preparing Operating Budget Components (LO 8-3a, b, c, d] Che Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $62. Wesley expects the following unit sales: January February March April May 5,400 5,600 6,100 5.900 5,300 Wesley's ending finished goods inventory policy is 30 percent of the next month's sales. Suppose each handisaw takes approximately 0.60 hours to manufacture, and Wesley pays an average labor wage of $24 per hour. Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $5.00 each. The company has an ending direct materials inventory policy of 30 percent of the following month's production requirements. Materials other than the housing unit total $4.50 per handisaw. Manufacturing overhead for this product includes $72,000 annual fixed overhead (based on production of 27,000 units) and $1.20 per unit variable manufacturing overhead. Wesley's selling expenses are 7 percent of sales dollars, and administrative expenses are fixed at $18,000 per month Required: Compute the following for the first quarter: (Round your intermediate calculations to nearest whole dollar) January February March 1st Quarter total 1. 2 Budgeted Sales Revenue Budgeted Production in Units Budgeted Cost of Direct Materials Purchases for the Plastic Housings Budgeted Direct Labor Cost 3. 4