Shadee Corporation expects to sell $650$ sun shades in May and $380$ in June. Each shade sells for $$150.$ Shadee$$s beginning and ending finished goods inventories for May are $70$ and $45$ shades, respectively. Ending finished goods inventory for June will be $60$ shades.

Each shade requires a total of $$60\mathrm{.}00$ in direct materials that includes $4$ adjustable poles that cost $$10\mathrm{.}00$ each. Shadee expects to have $120$ in direct materials inventory on May $1,90$ poles in inventory on May $31,$ and $110$ poles in inventory on June $30.$

Required:

$1.$ Prepare Shadee$$s May and June purchases budget for the adjustable poles.

$2.$ Prepare Shadee$$s direct labor budget for May and June.

$3.$ Prepare Shadee$$s manufacturing overhead budget for May and June.

$4.$ Determine Shadee$$s budgeted manufacturing cost per shade. $($Note: Assume that fixed overhead per unit is $$12.)$

$5.$ Prepare Shadee$$s budgeted cost of goods sold for May and June.

$6.$ Additional information:

Selling costs are expected to be $7$ percent of sales.

Fixed administrative expenses per month total $$1,300.$

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.