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Required information (The following information applies to the questions displayed below.] Shadee Corp. expects to sell 620 sun visors in May and 320 in June. Each visor sells for $21 Shadee's beginning and ending finished goods inventories for May are 80 and 60 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 31 closures on hand on May 1, 21 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $2.75 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $10 per hour Required: 1. Determine Shadee's budgeted manufacturing cost per visor (Note: Assume that fixed overhead per unit is $1.30) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit 2. Compute the Shadee's budgeted cost of goods sold for May and June. (Do not round your intermediate values. Use rounded cost per unit in intermediate calculations.) May June Budgeted Cost of Goods Sold Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 620 sun visors in May and 320 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 80 and 60 units, respectively. Ending finished goods inventory for June will be 60 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 31 closures on hand on May 1, 21 closures on May 31, and 22 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $900 per month, and variable manufacturing overhead is $2.75 per unit produced. Each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $10 per hour Additional information: . Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1,100. Required: Determine Shadee's budgeted selling and administrative expenses for May and June. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) May June Budgeted Selling and Administrative Expenses Required information (The following information applies to the questions displayed below] Shadee Corp expects to sell 620 sun visors in May and 320 in June. Each viser sells for $21. Shadee's beginning and ending finished goods inventories for Mey are 80 and 60 units, respectively Ending finished goods Inventory for June will be 60 units Ench visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 31 closures on hand on May 1, 21 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $275 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays is workers $10 per hour Additional information: . Selling costs are expected to be a percent of sales. . Fixed administrative experses per month total $100 Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fixed overhead per unit is $1.30) Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Groes Margin Options in the blank space: Budgeted contribution margin Budgeted cost of good sold Budgeted interest expense Budgeted sales Budgeted sales returns and allowances Budgeted selling and adeministrative expense Budgeted Not Operating Income

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