Help Save & Exit Chapter 8 Homework Check 8 Required information (The following Information applies to the questions displayed below.) Shadee Corp. expects to sell 630 sun visors in May and 360 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 90 and 55 units, respectively. Ending finished goods inventory for June will be 60 units 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 $1.50 each. Shadee wants to have 25 closures on hand on May 1, 17 closures on May 31, and 20 closures on June 30 and variable manufacturing overhead is $2.25 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $11 per hour Additional information: . Selling costs are expected to be 8 percent of sales. Fixed administrative expenses per month total $1,600. Required: Complete Shadee's budgeted Income statement for the months of May and June (Note: Assume that fixed overhead per unit is $1.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Question 13. Pro Homework Sod Help Save & Exit Submit Check my work Required information Selling costs are expected to be 8 percent of sales. . Fixed administrative expenses per month total $1,600 Required: Complete Shadee's budgeted income statement for the months of May and June (Note: Assume that fixed overhead per unit is $100) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin Budgeted at Operating Income