SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 600 sun shades in May and 410 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 65 shades. 3-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e] ch shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee pects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on e 30. quired: pare Shadee's May and June purchases budget for the adjustable poles. dgeted Cost of Poles Purchased May June
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![SB Exercise E8-5 to E8-10
[The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 600 sun shades in May and 410 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 65 shades.
E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e]
Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 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.
Required:
Prepare Shadee's May and June purchases budget for the adjustable poles.
Budgeted Cost of Poles Purchased
May
June](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7dd80b61-3766-4d44-94b5-6f408604c6dd%2F67de4b69-733d-4447-9926-7b733aab2907%2Fllbaacn_processed.jpeg&w=3840&q=75)
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