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beginning and ending finished goods inventories for May are 65 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. h shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to e 120 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30. pose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's d manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $13 per unit produced. ditional information: Selling costs are expected to be 8 percent of sales. Fixed administrative expenses per month total $1,400. quired: pare Shadee's selling and administrative expense budget for May and June. te: Do not round your intermediate calculations. Round your answers to 2 decimal places. Answer is complete but not entirely correct. May June $59.612.00 $ 87,666.40 udgeted Selling and Administrative Expenses

beginning and ending finished goods inventories for May are 65 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. h shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to e 120 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30. pose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's d manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $13 per unit produced. ditional information: Selling costs are expected to be 8 percent of sales. Fixed administrative expenses per month total $1,400. quired: pare Shadee's selling and administrative expense budget for May and June. te: Do not round your intermediate calculations. Round your answers to 2 decimal places. Answer is complete but not entirely correct. May June $59.612.00 $ 87,666.40 udgeted Selling and Administrative Expenses

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Shadee Corporation expects to sell 520 sun shades in May and 350 in June. Each shade sells for $154. Shadee's beginning and ending finished goods inventories for May are 65 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $13 per unit produced. Additional information: . Selling costs are expected to be 8 percent of sales. • Fixed administrative expenses per month total $1,400. 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. Answer is complete but not entirely correct. June $59.612.00 Budgeted Selling and Administrative Expenses May $ 87,866.40
Transcribed Image Text:Shadee Corporation expects to sell 520 sun shades in May and 350 in June. Each shade sells for $154. Shadee's beginning and ending finished goods inventories for May are 65 and 40 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $13 per unit produced. Additional information: . Selling costs are expected to be 8 percent of sales. • Fixed administrative expenses per month total $1,400. 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. Answer is complete but not entirely correct. June $59.612.00 Budgeted Selling and Administrative Expenses May $ 87,866.40
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