Shadee Corp. expects to sell 620 sun visors in May and 370 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 65 and 50 units, respectively, Ending finished goods inventory for June will be 55 units. 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 $1.50 each. Shadee wants to have 27 closures on hand on May 1, 21 closures on May 31, and 21 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $800 per month, and variable manufacturing overhead is $1.50 per unit produced. Each visor takes 0.50 direct labor hours to produce and Shadee pays its workers $11 per hour. Additional information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,500 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.) May June + Budgeted Selling and Administrative Expenses Shadee Corp. expects to sell 620 sun visors in May and 370 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 65 and 50 units, respectively. Ending finished goods inventory for June will be 55 units. UMDA 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 $1.50 each. Shadee wants to have 27 closures on hand on May 1, 21 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.50 direct labor hours to produce and Shadee pays its workers $11 per hour. Additional information: Selling costs are expected to be 11 percent of sales, Fixed administrative expenses per month total $1,500. Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fixed overhead per unit is $4.00) (Do not round your intermediate calculations, Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June . Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,500, Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $4.00.) (Do not round your intermediate calculations. Round yoyr answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income