Required: Prepare Shadee's May and June purchases budget for the adjustable poles.. 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. SB Exercise E8-5 to E8-10[The following information applies to the questions displayed below]E8-6 (Algo) Preparing Direct Materials Purchases Budget [LO 8-3c, e]Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects tohave 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 100 poles in inventory on June 30.Shadee Corporation expects to sell 620 sun shades in May and 320 in June. Each shade sells for $155. Shadee'sbeginning and ending finished goods inventories for May are 90 and 60 shades, respectively. Ending finished goodsinventory for June will be 60 shades.Required:Prepare Shadee's May and June purchases budget for the adjustable poles...Budgeted Cost of Closures PurchasedE8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g]Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects tohave 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 100 poles in inventory on June 30.MaySuppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadeefixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced.Additional information:Selling costs are expected to be 12 percent of sales.Fixed administrative expenses per month total $1,600.JuneBudgeted Selling and Administrative ExpensesRequired:Prepare Shadee's selling and administrative expense budget for May and JuneNote: Do not round your intermediate calculations. Round your answers to 2 decimal places.MayJune Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects tohave 120 in direct materials inventory on May 1, 90 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 $14 per hour. Additionally, Shadee'sfixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $13 per unit produced.Additional information:Selling costs are expected to be 12 percent of sales.Fixed administrative expenses per month total $1,600.Required:Prepare Shadee's budgeted income statement for the months of May and JuneNote: Do not round your intermediate calculations, Round your answers to 2 decimal places.500480450SHADEE CORPORATIONBudgeted Income StatementShadee Corporation expects to sell 620 sun shades in May and 390 in June. Each shades sells for $10. Shadee's beginning andending finished goods inventories for May are 80 and 60 shades, respectively. Ending finished goods inventory for June will be 55shades.It expects the following unit sales for the third quarter:JulyAugustSeptemberMayTotal Cash ReceiptsJuneSixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 36 percent is collectedduring the following month, and 14 percent is never collected.Required:Calculate Shadee's total cash receipts for August and September.Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar.AugustSeptember

A direct materials budget is a type of budget that is prepared to estimate the materials required to…

Answered: Required: Prepare Shadee's May and June…

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 23BEA: Preparing a Direct Materials Purchases Budget Patrick Inc. makes industrial solvents sold in...