Required information [The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for
$164 . Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades,
respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a
total of $65.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee
expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31,
and 120 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'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 9 percent of sales. - Fixed
administrative expenses per month total $1 , 400 . Required: Prepare Shadee's budgeted income
statement for the months of May and June. Note: Do not round your intermediate calculations.
Round your answers to 2 decimal places. \begin{tabular}{|l|l|l|} \hline SHADEE
CORPORATION \\ \hline Budgeted Income Statement & May & June \\ \hline Budgeted Gross
Margin & & \\ \hline & & \\ \hline Budgeted Net Operating Income & & \\ \hline \end{tabular}.
Required information -The following information applies to the questio (89).pdf
1. Required information [The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for
$164 . Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades,
respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a
total of $65.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee
expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31,
and 120 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'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 9 percent of sales. - Fixed
administrative expenses per month total $1 , 400 . Required: Prepare Shadee's budgeted income
statement for the months of May and June. Note: Do not round your intermediate calculations.
Round your answers to 2 decimal places. begin{tabular}{|l|l|l|} hline SHADEE
CORPORATION hline Budgeted Income Statement & May & June hline Budgeted Gross
Margin & & hline & & hline Budgeted Net Operating Income & & hline end{tabular}
![Required information [The following information applies to the questions displayed below.]
Shadee Corporation expects to sell 550 sun shades in May and 330 in June. Each shade sells for
$164 . Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades,
respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a
total of $65.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee
expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31,
and 120 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'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 9 percent of sales. - Fixed
administrative expenses per month total $1 , 400 . Required: Prepare Shadee's budgeted income
statement for the months of May and June. Note: Do not round your intermediate calculations.
Round your answers to 2 decimal places. begin{tabular}{|l|l|l|} hline SHADEE
CORPORATION hline Budgeted Income Statement & May & June hline Budgeted Gross
Margin & & hline & & hline Budgeted Net Operating Income & & hline end{tabular}](https://image.slidesharecdn.com/requiredinformation-thefollowinginformationappliestothequestio89-230226122002-af3d2026/85/Required-information-The-following-information-applies-to-the-questio-89-pdf-1-320.jpg)
