Requred Information: Shadee Corp. expects to sell 590 sun visors in May and 410 in June. Each visor sells for $28. Shadee's beginning and ending finished goods inventories for May are 85 and 55 units, respectively. Ending finished goods inventory for June will be 70 units.
Each visor requires a total of $4.50 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 26 closures on hand on May 1, 21 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.90 direct labor hours to produce and Shadee pays its workers $11 per hour.
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!Additional information:
- Selling costs are expected to be 9 percent of sales.
- Fixed administrative expenses per month total $1,700.
Required:
Complete Shadee's budgeted income statement for the months of May and June.(Do not round your intermediate calculations. Round your answers to 2 decimal places.)
Budgeted Sales =
Budgeted Cost of Good Sold =
Budgeted Goss Margin =
Budgeted Selling and Administrative Expenses =
Budgeted Net Operating Income =
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
