B) Prepare the production budgets for the year

C) Prepare the direct materials budgets for the year

D) Prepare the direct labor budgets for the year (Round Direct labour time per unit to 1 decimal place, e.g. 15.2.)

E) Prepare the income statement budgets for the year.

Question 1 Deleon Inc. is preparing its annual budgets for the year ending December 31, 2014. Accounting assistants furnish the data shown below JB 50 B 60 Sales budget Anticipated volume in units Unit selling price 402,100 203,000 $27 $22 Production budget: Desired ending finished goods units Beginning finished goods units 26,100 34,400 17,000 12,600 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 33,200 43,500 19,500 14,600 Direct labor budget: Direct labor time per unit Direct labor rate per hour $12 $12 Budgeted income statement: An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $664,600 for product JB 50 and $364,600 for product JB 60 and administrative expenses of $543,600 for product JB 50 and $342,500 for product JB 60. Income taxes are expected to be 30%. (a) Prepare the sales budgets for the year DELEON INC. Sales Budget For the Year Ending December 31, 2014 JB 50 JB 60 Total Unit selling price Total sales