Required information SB Exercise E8-5 to E8-10 [The following informabion applies to the questions displayed below] Shadee Corporation expects to sell 640 sun shades in May and 450 in June. Each shade sells for $168. Shadee's beginning and ending finished goods inventories for May are 85 and 45 shades, respectively. Ending finished goods inventory for June wili be 55 shades. E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1,90 poles in inventory on May 31, and 120 poles in inventory on June 30 . Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and varlable manufacturing overhead is $15 per unit produced. Additional information: - Selling costs are expected to be 10 percent of sales - Fined administrative expenses per month total $1,100. Required: Prepare Shadee's selling and administrative expense budget for May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. E8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corporation expects to sell 510 sun shades in May and 330 in June. Each shades sells for $10. Shadee's beginning and ending finished goods inventonies for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 50 shades. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash Of the credit sales, 50 percent is collected in the month of the sale, 39 percent is collected during the following month, and 11 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar