nt 404 Required information (The following information applies to the questions displayed below) Shadee Corp. expects to sell 520 sun visors in May and 420 in June. Each visor sells for $20 Shadee's beginning and ending finished goods inventories for May are 85 and 50 units, respectively, Ending finished goods inventory for June will be 50 units nts 18 02.12.54 Skeced Each visor requires a total of 54.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $200 each, Shadeo wants to have 31 closures on hand on May 1, 22 closures on May 31 and 22 dosures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.90 direct labor hours to produce and Shadee pays its workers $6 per hour Additional information Selling costs are expected to be 9 percent of sales. Fixed administrative expenses per month total $1.200 Book Required: Complete Shadee's budgeted Income statement for the months of May and June. (Note Assume that feed overhead per unit is $2.00) (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Deferences SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margo Budgeted Net Courting Income