E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] 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 35 closures on hand on May 1, 18 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $1.75 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $9 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is \$5.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $5. answer to 2 decimal places.) Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to places. Round your answers to 2 decimal places.)