SHADES STORE LIMITED You were recently promoted to assistant controller Shades Store med Your employer specializes in ling pink trendy Shades The first task you have been assigned in your new roles to prepare the master budget for the quarter ended September 30, 2020 You have assembled the following information The shades sell for $110 each. Recent and budgeted lensare as follows Apractual 3000 May actual 1050 June actual 900 July 1100 August 1050 September 3062 October 11.30 November 1300 December 140 Inventories of finished goods on hand at the end of each month are to be equal to 40% of the following months budgeted sales As of June 30the company had so adesi inventory Each pair of shades requires ounces of pink plastic, whid com purchases for $150 per ounce It is company policy to keep enough pinkplastic to meet the next month's production needs. As of May 31" Shades Store had 7,834 ounces of pink plastic on hand Purchase of raw materials are paid for as follows: Box in the month of purchase and the remaining in the following month All sales are on credit, with no discount, and payable within 15 days. The company has found, however, that only 45 of a month's sales are collected by mohd Anal 50% is collected in the month following and the remaining is collected in the second month following bad debts have been Each pair of shades recules 3 hours to manufacture Employees who make the shades are paid $20 per hour and never work overtime the company has enough casual workers that they can can additional work is required) Manufacturing overhead includes all the cost of production other than direct materials and direct labour. The variable component is 54 per pair of shades in production and the fed componenti 515,000 per month (this amount includes depreciation of 000 per month Direct labour hours is used as an location base for assigning manufacturing overhead to units produced Shades Store's monthly operating expenses are below SHADES STORE LIMITED You were recently promoted to assistant controller Shades Store med Your employer specializes in ling pink trendy Shades The first task you have been assigned in your new roles to prepare the master budget for the quarter ended September 30, 2020 You have assembled the following information The shades sell for $110 each. Recent and budgeted lensare as follows Apractual 3000 May actual 1050 June actual 900 July 1100 August 1050 September 3062 October 11.30 November 1300 December 140 Inventories of finished goods on hand at the end of each month are to be equal to 40% of the following months budgeted sales As of June 30the company had so adesi inventory Each pair of shades requires ounces of pink plastic, whid com purchases for $150 per ounce It is company policy to keep enough pinkplastic to meet the next month's production needs. As of May 31" Shades Store had 7,834 ounces of pink plastic on hand Purchase of raw materials are paid for as follows: Box in the month of purchase and the remaining in the following month All sales are on credit, with no discount, and payable within 15 days. The company has found, however, that only 45 of a month's sales are collected by mohd Anal 50% is collected in the month following and the remaining is collected in the second month following bad debts have been Each pair of shades recules 3 hours to manufacture Employees who make the shades are paid $20 per hour and never work overtime the company has enough casual workers that they can can additional work is required) Manufacturing overhead includes all the cost of production other than direct materials and direct labour. The variable component is 54 per pair of shades in production and the fed componenti 515,000 per month (this amount includes depreciation of 000 per month Direct labour hours is used as an location base for assigning manufacturing overhead to units produced Shades Store's monthly operating expenses are below