Required Information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 580 sun visors in May and 330 in June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively, Ending finished goods inventory for June will be 70 units Each visor requires a total of $3.50 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 32 closures on hand on May 1, 17 closures on May 31, and 25 closures on June 30. Additionally. Shadee's fixed manufacturing overhead is $1,300 per month and variable manufacturing overhead is $150 per unit produced. Each visor takes 0,80 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional Information Selling costs are expected to be 9 percent of sales Fixed administrative expenses per month total $1700 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 Selling and Administrativo Expenses Required information [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 580 sun visors in May and 330 in June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 70 units. Each visor requires a total of $3.50 in direct materials that includes an adjustable closure that the company purchases from a suppller at a cost of $2.00 each. Shadee wants to have 32 closures on hand on May 1, 17 closures on May 31, and 25 closures on June 30 and variable manufacturing overhead is $1.50 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $8 per hour. Additional Information: Selling costs are expected to be 9 percent of sales. Fixed administrative expenses per month total $1700. CE Required: Complete Shadee's budgeted Income statement for the months of May and June (Note: Assume that fixed overhead per unit is $3.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP. Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income