Required information SB Exercise E8-5 to E8-10 (The following information applies to the questions displayed below.] Shadee Corp. expects to sell 630 sun visors in May and 310 in June. Each visor sells for $17. Shadee's beginning and ending finished goods inventories for May are 65 and 60 units, respectively. Ending finished goods inventory for June will be 50 units. E8-6 (Algo) Preparing Direct Materials Purchases and Manufacturing Overhead Budgets (LO 8-3c, e] Each visor requires a total of $5.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 27 closures on hand on May 1, 20 closures on May 31, and 25 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $1,300 per month, and variable manufacturing overhead is $2.50 per unit produced. Required: 1. Determine Shadee's budgeted cost of closures purchased for May and June. 2. Determine Shadee's budget manufacturing overhead for May and June. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted cost of closures purchased for May and June. (Round your answers to 2 decimal places.) May June $ 3,148.88 X $ 1,524.00 X Budgeted Cost of Closures Purchased Required 1 Required 2 > X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2. Determine Shadee's budget manufacturing overhead for May and June. (Do not round your intermediate values. Round your answers to 2 decimal places.) May June Budgeted Manufacturing Overhead $ 2,862.00 X $ 2,050.00