9 The following information applies to the questions displayed below Shadee Corp expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 units Patro 1 point Book 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 unit produced. Suppose that each visor tokes 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 Shadeo's budgeted Income statement for the months of May and June (Note: Assume that fixed overhead per unit is 52) (Do not round your intermediate calculations.) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income