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Shadee Corp. expects to sell 650 sun visors in May and 400 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 75 and 45 units, respectively, Ending finished goods inventory for June will be 65 units E8-9 (Algo) Preparing Selling and Administrative Expense Budget (LO 8-39) 33 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 $150 each Shadee wants to have 29 closures on hand on May 1, 17 closures on May 31, and 25 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,000 per month, and variable manufacturing overhead is $2.00 per unit produced. Each Visor takes 0.60 direct labor hours to produce and Shadee pays its workers $6 per hour. Additional Information Selling costs are expected to be 6 percent of sales, Fixed administrative expenses per month total $1,600. 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