SB Exercise E8-5 to E8-10 Skip to question [The following information applies to the questions displayed below.] Shadee Corp. expects to sell 640 sun visors in May and 320 in June. Each visor sells for $28. Shadees beginning and ending finished goods inventories for May are 70 and 55 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 $2.50 each. Shadee wants to have 31 closures on hand on May 1, 23 closures on May 31, and 25 closures on June 30. Additionally, Shadees fixed manufacturing overhead is $1,600 per month, and variable manufacturing overhead is $2.00 per unit produced. Each visor takes 0.70 direct labor hours to produce and Shadee pays its workers $10 per hour.

Additional information: Selling costs are expected to be 12 percent of sales. Fixed administrative expenses per month total $1,400. 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.)