Complete shadee budgeted income statement

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Reference no: EM132083229

Question: 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 $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $1.25 per produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Additional information: Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1, 200.

Required: Complete Shadee's budgeted income statement for the months of May and June.

Reference no: EM132083229

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