[The following information applies to the questions displayed below] Shadee Corp. expects to sell 570 sun visors in May and 370 in June. Each visor sells for $22,5 Shadee's beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 50 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a suppl at a cost of $2.00 each. Shadee wants to have 33 closures on hand on May 1, 22 closures on May 31 , and 21 closures on June 30 ar variable manufacturing overhead is $1.00 per unit produced. Suppose that each visor takes 0.80 direct labor hours to produce and Shadee pays its workers $7 per hour. Additional information: - Selling costs are expected to be 9 percent of sales. - Fixed administrative expenses per month total $1,700. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $3. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $300 ) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)