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[The following information applies to the questions
displayed below.]
Shadee Corp. expects to sell 560 sun visors in May and 390 in
June. Each visor sells for $23. Shadee’s beginning and ending
finished goods inventories for May are 85 and 45 units,
respectively. Ending finished goods inventory for June will be 60
units.
Each visor requires a total of $5.00 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 35 closures
on hand on May 1, 16 closures on May 31, and 24 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 0.70 direct labor hours to produce and
Shadee pays its workers $6 per hour.
Additional information:
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.)