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Shadee Corp. expects to sell 630 sun visors in May and 420 in June. Each visor sells for $12. Shadee's beginning and ending finished goods
Shadee Corp. expects to sell 630 sun visors in May and 420 in June. Each visor sells for $12. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July August September 560 470 420 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.) August September Total Cash Receipts Shadee Corp. expects to sell 600 sun visors in May and 350 in June. Each visor sells for $20. Shadee's beginning and ending finished goods inventories for May are 70 and 60 units, respectively. Ending finished goods inventory for June will be 60 units. E8-9 (Algo) Preparing Selling and Administrative Expense Budget (LO 8-3g] Each visor requires a total of $4.00 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, 21 closures on May 31, and 21 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,500 per month, and variable manufacturing overhead is $1.00 per unit produced. Each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $9 per hour. Additional information: . Selling costs are expected to be 8 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.) May June Budgeted Selling and Administrative Expenses
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