Shadee Corporation expects to sell $570$ sun shades in May and $410$ in June. Each shade sells for $$148.$ Shadee$$s beginning and ending finished goods inventories for May are $80$ and $55$ shades, respectively. Ending finished goods inventory for June will be $65$ shades$\mathrm{.}1$

Required information

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Shadee Corporation expects to sell $570$ sun shades in May and $410$ in June. Each shade sells for

$$148.$ Shadee's beginning and ending finished goods inventories for May are $80$ and $55$ shades,

respectively. Ending finished goods inventory for June will be $65$ shades.

Each shade requires a total of $$50\mathrm{.}00$ in direct materials that includes $4$ adjustable poles that cost $$10\mathrm{.}00$

each. Shadee expects to have $120$ in direct materials inventory on May $1,100$ poles in inventory on May $31,$

and $110$ poles in inventory on June $30.$

Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $$14$ per

hour. Additionally, Shadee's fixed manufacturing overhead is $$9,000$ per month, and variable

manufacturing overhead is $$11$ per unit produced.

Additional information:

Selling costs are expected to be $8$ percent of sales.

Fixed administrative expenses per month total $$1,500.$

Required:

Prepare Shadee's budgeted income statement for the months of May and June.

Note: Do not round your intermediate calculations. Round your answers to $2$ decimal places.

Each shade requires a total of $$50\mathrm{.}00$ in direct materials that includes $4$ adjustable poles that cost $$10\mathrm{.}00$ each. Shadee expects to have $120$ in direct materials inventory on May $1,100$ poles in inventory on May $31,$ and $110$ poles in inventory on June $30.$

Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $$14$ per hour. Additionally, Shadee$$s fixed manufacturing overhead is $$9,000$ per month, and variable manufacturing overhead is $$11$ per unit produced.

Additional information:

Selling costs are expected to be $8$ percent of sales.

Fixed administrative expenses per month total $$1,500.$

Required:

Prepare Shadee$$s selling and administrative expense budget for May and June.

Note: Do not round your intermediate calculations. Round your answers to $2$ decimal places.