Required information [The following information applies to the questions displayed below) Shadee Corp. expects to sell 580 sun visors in May and 400 in June. Each visor sells for $27. Shadee's beginning and ending finished goods inventories for May are 80 and 45 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 $2.00 each Shadee wants to have 31 closures on hand on May 1, 21 closures on May 31, and 20 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $8 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $8.) 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 $8.) (Round your answer to 2 decimal places.) Manufacturing Cost par Unit 18.50 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 decimal places. Round your answers to 2 decimal places.) May June Budgeted Cost of Goods Sold at a cost of $2.00 each. Shadee wants to have 31 closures on hand on May 1, 21 closures on May 31, and 20 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.40 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 $1,200. Required: Complete Shadee's budgeted Income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $8.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. SHADEE CORP Budgeted Income Statement May June Budgeted Sales $ 15,660.00 $ 10,800.00 Budgeted Cost of Goods Sold (10.730.00) $(7.400.00) Budgeted Gross Margin Budgeted Selling and Administrative Expenses $ 4,930.00 $ 3.400.00 $ 2,609.40 s 2,172,00 Budgeted Net Operating Income $ 2.320.60 $ 1.228.00