CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK NEX Problem 13-2 Culver Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 404,400 $23 202,600 $28 27,300 34,700 19,000 13,000 D Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost 2 34,200 44,400 $3 2 19,400 12,000 $3 0.4 $10 0.6 510 $14 522 CALCULATOR FULL SCREEN PRINTER VERSION 4RACK NEXT An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $663,000 for product JB 50 and $361,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $343,000 for product B 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. Prepare the sales budget for the year. CULVER INC. Sales Budget JB 50 JB 60 Total Expected unit sales Unit selling price $ Total sales $ $ CALCULATOR FULL SCREEN PRINTER VERSION Prepare the production budget for the year. CULVER INC. Production Budget JB 50 JB 60 v > CALCULATOR FULL SCREEN Prepare the direct materials budget for the year. PRINTER V CULVER INC. Direct Materials Budget JB 50 JB 60 Total