11 Required information The following information applies to the questions displayed below! Shadee Corp. expects to sell 560 sun visors in May and 330 in June. Each visor sells for $21. Shadee's beginning and ending finished goods inventories for May are 65 and 60 units, respectively, Ending finished goods inventory for June will be 65 units Part 6 of 6 10 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 31 closures on hand on May 1, 20 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $200 per unit produced, Suppose that each visor takes 0.60 direct labor hours to produce and Shades pays its workers $10 per hout. Additional information: Selling costs are expected to be 8 percent of sales Fixed administrative expenses per month total $1,400. Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fowed overhead per unit is $1.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Answer is not complete. SHADEE CORP Budgeted Income Statement May June Dudgeted sales Budgeted Cost of Goods Sold o red roos Margin Budget Seling and Administrative Expenses Budged Net Operating income