7 Part 6 of Required Information The following information applies to the questions displayed below! Shade Corp. expects to sell 580 sun visors in May and 310 in June. Each visor sells for $27. Shadee's beginning and ending finished goods inventories for May are 90 and 60 units, respectively, Ending finished goods inventory for June will be 65 units 13 points look 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 34 closures on hand on May 1, 21 closures on May 31, and 22 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional information Seling costs are expected to be 9 percent of sales . Fixed administrative expenses per month total $1600 Hint Pri ces Required: Complete Shadee's budgeted incorrie 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 CORE Budgeted Income statement May Budgeted Gross Mary Budged Net Operating income