Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 630 sun shades in May and 310 in June. Each shade sells for $155. Shadee's beginning and ending finished goods inventories for May are 80 and 50 shades, respectively. Ending finished goods inventory for June will be 60 shades. Required: 1. Prepare Shadee's sales budget for May and June. 2. Prepare Shadee's production budget for May and June. 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 1,100 poles in inventory on May 31, and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. 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 variable manufacturing overhead is $11 per unit produced. Required: 1. Prepare Shadee's direct labor budget for May and June 2. Prepare Shadee's manufacturing overhead budget for May and June. 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 1,100 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 variable manufacturing overhead is $11 per unit produced Use the information and solutions presented to complete the requirements. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $500 each $Shadeeexpectsto have 130 in direct materials inventory on May 1,100 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 variable manufacturing overhead is $11 per unit produced. Additional information: - Selling costs are expected to be 7 percent of sales. - Fixed administrative expenses per month total $1,300. 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. 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, 100 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 variable manufacturing overhead is $11 per unit produced. Additional information: - Selling costs are expected to be 7 percent of sales. - Fixed administrative expenses per month total $1,300. Required: Prepare Shadee's budgeted income statement for the months of May and June Note: Do not round your intermediate calculations. Round your answers to 2 decimal places