(b) Your answer is correct Prepare the sales budget for the year. \begin{tabular}{cc} Product Product \\ JB 50 & JB 60 \\ \hline \end{tabular} Sales budget: Anticipated volome in units 448,000224,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 33,600 16.800 Beginning finished goods units 28,000 11,200 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 33.600 11,200 Beginning direct materials pounds 44.800 16.800 Cost per pound 53 54 Direct labor budget: Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost 513 $20 An accounting assistant has prepared the detalled manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $627,200 for product JB50 and $403,200 for product JB. 60 , and administrative expenses of $604,800 for product J850 and $380,800 for product JB60. Interest expense is $150,000 (not allocated to roducts). Income faces are expected to be 20%