E8-8 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 $2.50 each. Shadee wants to have 29 closures on hand on May 1, 17 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $10 per hour. Required 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.60.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit 2. Compute the Shadee's budgeted cost of goods sold for May and June. (Do not round your intermediate values. Use rounded cost per unit in intermediate calculations.) May June Budgeted Cost of Goods Sold E8-8 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 $2.50 each. Shadee wants to have 29 closures on hand on May 1, 17 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $10 per hour. Required 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.60.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit 2. Compute the Shadee's budgeted cost of goods sold for May and June. (Do not round your intermediate values. Use rounded cost per unit in intermediate calculations.) May June Budgeted Cost of Goods Sold