E$8-10($Algo$)$ Preparing Budgeted Income Statement $[$LO $8-3$h$]$

Port $6$ of $6$ Each shade requires a total of $$60\mathrm{.}00$ in direct materials that includes $4$ adjustable poles that cost $$10\mathrm{.}00$ each. Shadee expects to have $130$ in direct matenals inventory on May $1,90$ poles in inventory on May $31,$ and $110$ poles in inventory on June $30.$

$2\mathrm{.}1$

points

Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $$12$ per hour. Additionally. Shadee's fixed manufacturing overhead is $$11,000$ per month, and varlable manufacturing overhead is $$12$ per unit produced.

Additional Information:

Selling costs are expected to be $10$ percent of sales.

Fixed administrative expenses per month total $$1,600.$

Required:

Prepare Shadee's budgeted income statement for the months of May and June.

Note: Do not round your intermediate calculations. Round your answers to $2$ decimal places.

Answer is complete but not entirely correct.

I HAVE ASKED FOR HELP ON THIS QUESTION $3$ TIMES NOW AND THEY'VE ALL BEEN WRONG. SOMEONE PLEASE HELP!

Part $6$ of $6$

$2\mathrm{.}1$

points

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eBook

Required information

SB Exercise E$8-5$ to E$8-10$

$[$The following information applies to the questions displayed below.$]$

Shadee Corporation expects to sell $640$ sun shades in May and $300$ in June. Each shade sells for $$152.$ Shadee's beginning and ending finished goods inventories for May are $80$ and $45$ shades, respectively. Ending finished goods inventory for June will be $50$ shades.

E$8-10($Algo$)$ Preparing Budgeted Income Statement $[$LO $8-3$h$]$

Each shade requires a total of $$60\mathrm{.}00$ in direct materials that includes $4$ adjustable poles that cost $$10\mathrm{.}00$ each. Shadee expects to have $130$ in direct materials inventory on May $1,90$ poles in inventory on May $31,$ and $110$ poles in inventory on June $30.$

References

Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $$12$ per hour. Additionally, Shadee's fixed manufacturing overhead is $$11,000$ per month, and variable manufacturing overhead is $$12$ per unit produced.

Additional information:

Selling costs are expected to be $10$ percent of sales.

Fixed administrative expenses per month total $$1,600.$

Required:

Prepare Shadee's budgeted income statement for the months of May and June.

Note: Do not round your intermediate calculations. Round your answers to $2$ decimal places.