Shadee Corp. expects to sell 610 sun visors in May and 310 in June. Each visor sells for $23. Shadee's beginning and ending finished goods inventories for May are 75 and 55 units, respectively, Ending finished goods Inventory for June will be 60 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 $2.00 each. Shadee wants to have 31 closures on hand on May 1, 19 closures on May 31, and 27 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,500 per month, and variable manufacturing overhead is $2.50 per unit produced. Fach visor takes 0.60 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information Selling costs are expected to be 6 percent of sales. . Fixed administrative expenses per month total $1,300. . 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 Administrative Expenses 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 $2.00 each. Shadee wants to have 31 closures on hand on May 1, 19 closures on May 31, and 27 closures on June 30 and variable manufacturing overhead is $2.50 per unit produced. Suppose that each visor takes 0.60 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information: Selling costs are expected to be 6 percent of sales. Fixed administrative expenses per month total $1,300. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $150.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Gloss Margin Budgeted Net Operating Income