Current Attempt in Progress below. An accounting assistant has prepared the detailed manufacturingoverhead budget and the selling and acministrative expense budget. The latter shows selling expenses of $627,200 for product JB 50 and $403.200 for product. .8 . 00 . and adininistrative expenses of $604,800 for product JB 50 and $380,800 for product JB 60 . Interest expenise is $150,000 (not allocated to products). Income taxes are eupected to be 20%. Prepare the sales budget for the year: Prepare the production budget for the year: CONICORD INC. Production Budget Beginning Direct Materials Direct Materials Purchases Total Cost of Direct Materials Purchases Total Direct labor Cost Total Required Units Desired Ending Finished Goods Unitss Direct Materials per Unit Total Pounds Meaded for Production Direet Labor Cost per Hour Gost per Pound Required Production Units Total Materials Required Total Required Direct Labor Hours Espected Unit Sales Beginning Finished Goods Units Direct Labor Time per Unit Deaired Ending Direct Materials JB 50 4 ear. CONRORD IMC. Diract Malevials Budqce J. 60 Prepare the direct materials budget for the year. CONCORD INC. Divecl Materials Budget Beginning Direct Materials (Pounds) Total Required Units Cost per Pound Desired Ending Finished Goods Units Total Materials Required Direct Materials Purchases Units to be Produced Beginning Finished Goods Units Total Required Direct Labor Hours bound Direct labor time per unit answers to 1 decimal place, eg. 52.5) Desired Ending Direct Materials (Pounds) Total Pounds Needed for Production CONCORD INC. Prepare the direct labor budget for the yest. (Pound Direct labor time per unit answers to 1 decimal place, e. 52.5 .)