Shadee Corp. expects to sell 550 sun visors in May and 400 in June. Each visor sells for $21. Shadee's beginning anu ending finished goods inventories for May are 80 and 50 units, respectively. Ending finished goods inventory for June wiII be 70 units Each visor requires a total of 5550 in direct materials that includes an adjustable closure that the company purchases from a suppller at a cost of $250 each Shadee wants to have 29 closures on hand on May 1, 22 closures on May 31 , and 26 closures on June 30 and varlable manufacturing overhead is $175 per unit produced. Suppose that each visor takes 020 direct labor hours to produce and shadee pays its workers $10 per hour. Additional information - Selling costs are expected to be 9 percent of sales - Fixed administrative expenses per month total $1,200 Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $5.00 ) Required: (Do not round your intermediate calculations. Round your answers to 2 declmal places.) Shadee Corp. expects to sell 550 sun visors in May and 400 in June. Each visor sells for $21. Shadee's Deginning and ending finished goods inventorles for May are 80 and 50 units, respectively. Ending finished goods inventory for June wil! be 70 units. Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of 5250 each. Shadee wants to have 29 closures on hand on May 1,22 closures on May 31 , and 26 closures on June 30 Addittonally, Shadee's fixed manufacturing overhead is $1,200 per month, and variable manufacturing overhead is $175 per unit produced Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June. Complete this question by entering your answers in the tabs below. Determine Shadee's budgeted cost of dosures purchased for May and June. (Round your answers to 2 decimal places.)