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Required information [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 510 sun visors in May and 370 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 80 and 55 units, respectively. Ending finished goods inventory for June will be 60 units. 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 $2.00 each. Shadee wants to have 28 closures on hand on May 1, 19 closures on May 31, and 21 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $1.00 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) 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 $2.00 each. Shadee wants to have 28 closures on hand on May 1, 19 closures on May 31 , and 21 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $8.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $8.) (Round your answer to 2 decimal places.) Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal places.) 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 $2.00 each. Shadee wants to have 28 closures on hand on May 1, 19 closures on May 31 , and 21 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $1.00 per unit produced. Each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Additional information: - Selling costs are expected to be 12 percent of sales. - Fixed administrative expenses per month total $1,200. 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.) 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 $2.00 each. Shadee wants to have 28 closures on hand on May 1,19 closures on May 31 , and 21 closures on June 30 and variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $7 per hour. Additional information: - Selling costs are expected to be 12 percent of sales. - Fixed administrative expenses per month total $1,200. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $8.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Shadee Corp. expects to sell 610 sun visors in May and 450 in June. Each visor sells for $15. Shadee's beginning and ending finished goods inventories for May are 90 and 55 units, respectively. Ending finished goods inventory for June will be 50 units. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 37 percent is collected during the following month, and 11 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.)