Required information

[The following information applies to the questions displayed below.]

Shadee Corp. expects to sell 590 sun visors in May and 420 in June. Each visor sells for $21. Shadees beginning and ending finished goods inventories for May are 75 and 60 units, respectively. Ending finished goods inventory for June will be 55 units.

Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.50 each. Shadee wants to have 25 closures on hand on May 1, 18 closures on May 31, and 26 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $1.25 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 7 percent of sales.
• Fixed administrative expenses per month total $1,500.

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.)