Current Attempt in Progress Cullumber Inc. is preparing its annual budgets for the year ending December...

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Current Attempt in Progress Cullumber Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 512,000 256,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 38,400 19,200 Beginning finished goods units 32,000 12,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 38,400 12,800 Beginning direct materials pounds 51,200 19,200 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Question 1 of 1 < > Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 1.99/4 : An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $716,800 for product JB 50 and $460,800 for product JB 60, and administrative expenses of $691,200 for product JB 50 and $435,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. (a) Your answer is correct. Prepare the sales budget for the year. CULLUMBER INC. Sales Budget For the Year Ending December 31, 2022 JB 50 JB 60 Total Your answer is correct. Prepare the sales budget for the year. Expected Unit Sales Unit Selling Price $ Total Sales eTextbook and Media CULLUMBER INC. Sales Budget For the Year Ending December 31, 2022 JB 50 512000 201 $ JB 60 256000 25 $ 10240000 $ 6400000 Total 16640000 Attempts: 1 of 3 used Prepare the production budget for the year. CULLUMBER INC. Production Budget For the Year Ending December 31, 2022 Expected Unit Sales JB 50 512000 Add Desired Ending Finished Goods Units 38400 Total Required Units 550400 Less Beginning Finished Goods Units 32000 Required Production Units 518400 eTextbook and Media JB 60 256000 19200 275200 12800 262400 Prepare the direct materials budget for the year. Units to be Produced Direct Materials per Unit Total Pounds Needed for Production Add CULLUMBER INC. Direct Materials Budget For the Year Ending December 31, 2022 JB 50 518400 JB 60 262400 Desired Endine Finished Goods Units 38400 19200 Total Materials Required Less Besinnine Finished Goods Units 32000 12800 Direct Materials Purchases Cost per Pound Total Cost of Direct Materials Purchases 3 SUPPORT Current Attempt in Progress Cullumber Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 512,000 256,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 38,400 19,200 Beginning finished goods units 32,000 12,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 38,400 12,800 Beginning direct materials pounds 51,200 19,200 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Question 1 of 1 < > Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 1.99/4 : An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $716,800 for product JB 50 and $460,800 for product JB 60, and administrative expenses of $691,200 for product JB 50 and $435,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. (a) Your answer is correct. Prepare the sales budget for the year. CULLUMBER INC. Sales Budget For the Year Ending December 31, 2022 JB 50 JB 60 Total Your answer is correct. Prepare the sales budget for the year. Expected Unit Sales Unit Selling Price $ Total Sales eTextbook and Media CULLUMBER INC. Sales Budget For the Year Ending December 31, 2022 JB 50 512000 201 $ JB 60 256000 25 $ 10240000 $ 6400000 Total 16640000 Attempts: 1 of 3 used Prepare the production budget for the year. CULLUMBER INC. Production Budget For the Year Ending December 31, 2022 Expected Unit Sales JB 50 512000 Add Desired Ending Finished Goods Units 38400 Total Required Units 550400 Less Beginning Finished Goods Units 32000 Required Production Units 518400 eTextbook and Media JB 60 256000 19200 275200 12800 262400 Prepare the direct materials budget for the year. Units to be Produced Direct Materials per Unit Total Pounds Needed for Production Add CULLUMBER INC. Direct Materials Budget For the Year Ending December 31, 2022 JB 50 518400 JB 60 262400 Desired Endine Finished Goods Units 38400 19200 Total Materials Required Less Besinnine Finished Goods Units 32000 12800 Direct Materials Purchases Cost per Pound Total Cost of Direct Materials Purchases 3 SUPPORT