Crane Inc is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 320,000 160.000 Unit selling price $30 $35 Production budget: Desired ending finished goods units 24.000 12,000 Beginning finished goods units 20.000 8.000 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 24000 8.000 Beginning direct materials pounds 32.000 12.000 Cost per pound $4 Direct labor budget: Direct labor time per unit 0.4 Direct labor rate per hour $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budge The latter shows selling expenses of $448,000 for product JB 50 and $288,000 for product JB 60, and administrative expenses of $432,000 for product JB 50 and $272,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. CRANE INC. Sales Budget JB 50 JB 60 Total $ $ $ $ e Textbook and Media CRANE INC. Production Budget JB 50 JB 60 e Textbook and Media CRANE INC. Direct Materials Budget JB 50 JB 60 Total $ > $ I $ $ Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg, 52.5.) CRANE INC. Direct Labor Budget JB 50 JB 60 To > > CRANE INC. Budgeted Income Statement JB 50 JB 60 Total $ $ $ > > > $ C C S ho e Textbook and Media