00 points Each visor requires a total of $3.50 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 27 closures on hand on May 1, 22 closures on May 31, and 28 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers per hour. Additional information Selling costs are expected to be 3 percent of sales Fixed administrative expenses per month total $850. Required overhead Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed per unit is $1.40.) (Round your answers to 2 decimal places SHADEE CORP. Budgeted Income Statement Budgeted Gross Margin 00 points Each visor requires a total of $3.50 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 27 closures on hand on May 1, 22 closures on May 31, and 28 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers per hour. Additional information Selling costs are expected to be 3 percent of sales Fixed administrative expenses per month total $850. Required overhead Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed per unit is $1.40.) (Round your answers to 2 decimal places SHADEE CORP. Budgeted Income Statement Budgeted Gross Margin