Shadee Corp. expects to sell 640 sun visors in May and 410 in June. Each visor sells for $26. Shadees beginning and ending finished goods inventories for May are 65 and 55 units, respectively. Ending finished goods inventory for June will be 60 units.

budgeted total sales May=$16640 June=$10660

Budgeted Production (Units) May= 630 June= 415

Budgeted Cost of Closures Purchased

$1,232.00

$830.00

Budgeted Manufacturing Overhead

$1,887.50

$1,618.75

Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $8 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.

Manufacturing Cost per Unit

$17.15

	May	June
Budgeted Cost of Goods Sold	$10,976.00	$7,031.50

Budgeted Selling and Administrative Expenses

$3,097.60

$2,559.4

Required:

Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $5.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)