Shadee Corp. expects to sell 620 sun visors in May and 410 in June. Each visor sells for $25. Shadee's beginning and ending finished goods inventories for May are 90 and 55 units, respectively. Ending finished goods inventory for June will be 60 units. E8-6 (Algo) Preparing Direct Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e] Each visor requires a total of $4.50 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, 23 closures on May 31, and 27 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,600 per month, and variable manufacturing overhead is $1.75 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. Required 1 Required 2 Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) May June Budgeted Cost of Closures PurchasedComplete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budget manufacturing overhead for May and June. (Do not round y answers to 2 decimal places.) May June Budgeted Manufacturing OverheadEB-T {Algoj Preparing Direct Labor Budget [LIiClI 8-3d] Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $9 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.} Budgeted Direct Labor Cost _ _ Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $4.) 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 $4.) (Round your answer to 2 decimal places.) Manufacturing Cost per UnitComplete this question by entering your answers in the tabs below. Compute the Ehadee's budgeted cast of goods sold Fer May.r and June. {Round your intermediate calculations to 2 decimal places. Round your answers to 2 decimal plasma.) Each visor requires a total of $4.50 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, 23 closures on May 31, and 2? closures on June 30. Additionally, Shadee's xed manufacturing overhead is $1,600 per month, and variable manufacturing overhead is $1.75 per unit produced. Each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $9 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 placesJ a udgeied Selling and Ad mi nistr-cltive Expenses _ _ Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $4.00.) (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 IncomeE8-11 (Algo) Calculating Cash Receipts [LO 8-4] Shadee Corp. expects to sell 540 sun visors in May and 420 in June. Each visor sells for $16. Shadee's beginning and ending finished goods inventories for May are 70 and 40 units, respectively. Ending finished goods inventory for June will be 60 units. It expects the following unit sales for the third quarter: July 515 August 460 September 430 Sixty percent of Shadee's sales are cash. Of the credit sales, 50 percent is collected in the month of the sale, 37 percent is collected during the following month, and 13 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) August September Total Cash Receipts