Question: Required Information SB Exercise E8-5 to E8-10 [The following information apples to the questions displayed beiow] Shadee Corporation expects to sell 620 sun shades in
Required Information SB Exercise E8-5 to E8-10 [The following information apples to the questions displayed beiow] Shadee Corporation expects to sell 620 sun shades in Moy and 360 in June. Each shade sells for $142. Shadee's beginning and ending finished goods inventories for Moy are 75 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. E8.9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] Each shade requltes a total of $45.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 490 poles in irventory on May 31 , and 110 poles in inventory on June 30 Suppose that each thade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shodee's fued manufocturing overhead is $9.000 per month, and variable manufacturing overheod is $13 per unit produced. Additional informatior: - Selling costs are expected to be 10 percent of sales. - Fixod administrative expenses per month total $1,500 Required: Prepare Shadee's selling and administrative expense budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places
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