Question: Deleon Inc. is preparing its annual budgets for the year ending December 31,2017.Accounting assistants furnish the data shown below. Product Product 60 0 50 Sales

Deleon Inc. is preparing its annual budgets for the year ending December 31,2017.Accounting assistants furnish the data shown below. Product Product 60 0 50 Sales budget Anticipated volume in units Unit selling price 401,600 203,100 $27 $21 Production budget Desired ending finished goods units Beginning finished goods units 27,100 17,000 31,10013,300 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 3,300 17,600 41,800 12,000 $3 Direct labor budget Direct labor time per unit Direct labor rate per hour 0.4 $11 0.6 $11 Budgeted income statement: Total unit cost $13 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $662,000 for product 18 50 and $365,000 for product 38 60, and administrative expenses of $544,000 for product 38 50 and $345,000 for product 3B 60. Interest expense is $150,000 (not al ocated to products) Income taxes are expected to be 30%. Prepare the production budget for the year. SHEFFIELD INC. Production Budget JB 60 JB 50 Click if you would like to Show Work for this question: Open Show Work
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