Help Save & Required information [The following information applies to the questions displayed below) Shadee Corp. expects to sell 580 sun visors in May and 370 in June. Each visor sells for $19.Shadee's beginning and ending finished goods inventories for May are 60 and 45 units, respectively. Ending finished goods inventory for June will be 65 units Each visor requires a total of $5.50 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 25 closures on hand on May 21 closures on May 21, and 23 closures on June 30 Additionally, Shadee's fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $150 per unit produced Each visor takes 0.50 direct labor hours to produce and Shadee pays its workers $8 per hout Additional Information Selling costs are expected to be 6 percent of sales Fixed administrative expenses per month total $1,400, Required: Determine Shadee's budgeted selling and administrative expenses for May and June (Do not round your intermediate calculations. Round your answers to 2 decimal places.) May June Budgeted Selling and Administrative Expenses D Required information [The following Information applies to the questions displayed below) Shadee Corp. expects to sell 580 sun visors in May and 370 in June. Each visor sells for $19. Shadee's beginning and ending finished goods inventories for May are 60 and 45 units, respectively Ending finished goods inventory for June will be 65 units. Each visor requires a total of $5.50 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 25 closures on hand on May 1, 21 closures on May 31 and 23 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.50 direct labor houts to produce and Shadee pays its workers $8 per hour Additional information Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1,400. Required: Complete Shadee's budgeted Income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $1.50.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June G . @ 0 Information variable manufacturing overhead is $150 per unit produced. Suppose that each visor takes 0.50 direct labor hours to produce and Shadee pays its workers $8 per hour, Additional information: Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1,400 Required: Complete Shadee's budgeted Income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $150) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin Budgeted Not Operating Income