Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 630 sun visors in May and 330 in June. Each visor sells for $22. Shadee's beginning and ending finished goods inventories for May are 75 and 60 units, respectively, Ending finished goods Inventory for June will be 70 units E8-8 (Algo) Preparing Cost of Goods Sold Budget (LO 8-3f] Each visor requires a total of $4.50 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, 23 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $11 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) 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. Required 1 Required 2 Determine shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) (Round your answer to 2 decimal places.) Manufactung Cost per Unit Required 2 > Required 1 Required 2 Compute the Shadee's budgeted cost of goods sold for May and June. (Round your intermediate calculations to 2 decima places. Round your answers to 2 decimal places.) May June Budgeted Cost of Goods Sold Required 1 Each visor requires a total of $4.50 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, 23 closures on May 31, and 21 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1.200 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 $11 per hour. Additional Information: Selling costs are expected to be 11 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.) May June Budgeted Soling and Administrative Expenses Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shodee wants to have 28 closures on hand on May 1, 23 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $2.00 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $11 per hour Additional information . Selling costs are expected to be 11 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 $2.00.) (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