SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 530 sun visors in May and 360 in June. Each visor sells for $19. Shadees beginning and ending finished goods inventories for May are 65 and 45 units, respectively. Ending finished goods inventory for June will be 65 units. References Section BreakSB Exercise E8-5 to E8-10 7.value: 1.50 pointsRequired information E8-6 Preparing Raw Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] 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 $1.50 each. Shadee wants to have 33 closures on hand on May 1, 22 closures on May 31, and 27 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $2.00 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) HintsReferenceseBook & Resources Hint #1 Check my work 8.value: 1.00 pointsRequired information E8-7 Preparing Direct Labor Budget [LO 8-3d] Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $7 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.)