Required Information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 550 sun visors In May and 390 In June. Each visor sells for $25. Shadee's beginning and ending finished goods Inventories for May are 65 and 50 units, respectively. Ending finished goods Inventory for June will be 60 units. E8-7 (Algo) Preparing Direct Labor Budget [LO 8-3d] Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays Its workers $10 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. (Do not round your Intermediate values. Round your answers to 2 decimal places.) May June Budgeted Direct Labor Cost Required Information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.) Shadee Corp. expects to sell 550 sun visors In May and 390 In June. Each visor sells for $25. Shadee's beginning and ending finished goods Inventories for May are 65 and 50 units, respectively. Ending finished goods Inventory for June will be 60 units. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 27 closures on hand on May 1, 17 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $10 per hour. Required: 1. Determine Shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $7.) 2. Compute the Shadee's budgeted cost of goods sold for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine shadee's budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $7.) (Round your answer to 2 decimal places.) Manufacturing Cost per Unit Required Information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 550 sun visors In May and 390 In June. Each visor sells for $25. Shadee's beginning and ending finished goods Inventories for May are 65 and 50 units, respectively. Ending finished goods Inventory for June will be 60 units. E8-9 (Algo) Preparing Selling and Administrative Expense Budget [LO 8-3g] Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 27 closures on hand on May 1, 17 closures on May 31, and 21 closures on June 30. Additionally, Shadee's fixed manufacturing overhead is $800 per month, and variable manufacturing overhead is $1.25 per unit produced. Each visor takes 0.40 direct labor hours to produce and Shadee pays Its workers $10 per hour. Additional Information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,500. Required: Determine Shadee's budgeted selling and administrative expenses for May and June. (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) May June Budgeted Selling and Administrative Expenses Required Information SB Exercise E8-5 to E8-10 [The following Information applies to the questions displayed below.] Shadee Corp. expects to sell 550 sun visors In May and 390 In June. Each visor sells for $25. Shadee's beginning and ending finished goods Inventories for May are 65 and 50 units, respectively. Ending finished goods Inventory for June will be 60 units. E8-10 (Algo) Preparing Budgeted Income Statement [LO 8-3h] Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $2.00 each. Shadee wants to have 27 closures on hand on May 1, 17 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.40 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional Information: Selling costs are expected to be 11 percent of sales. Fixed administrative expenses per month total $1,500. Required: Complete Shadee's budgeted Income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $7.00.) (Do not round your Intermediate calculations. Round your answers to 2 decimal places.) SHADEE CORP Budgeted Income Statement May June Budgeted Gross Margin Budgeted Net Operating Income