Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 580 sun shades in May and 350 in June. Each shade sells for $158. Shadee's beginning and ending finished goods inventories for May are 85 and 45 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $60.00 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 $11,000 per month, and variable manufacturing overhead is $11 per unit produced. Additional information: - Selling costs are expected to be 8 percent of sales. - Fixed administrative expenses per month total $1,500. 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. mrquirnes leformation inveatary for June wili be 65 thates. Each thede requeres af fote of 56000 in Grect materiaib trat inclutes 4 adjustable poles that cont 55.00 cach 5 Sefee eapects to Suppose that eech phade takrs three diect labor hour to proouce and 5hadee pay as aoriers 314 per hour Adabonally. Shagee'? fied inmoutacturing oveitiead is In ooo per month, and variable manulactumg overbead is 511 per unt produced Adaienal informition: * Sening cost are expected so be 8 percent of aiet. - Fired adminintrative expenses per morth total StSoo. Phectuired: Arecare Shacees budgeted income statement for the montha of May and June. Notei De not round your intermediate calculations. Asund your answers to 2 decimal places