Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 404,400 $21 204,600 $27 27,900 34,100 16,900 13,400 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 1 32,900 43,900 $2 2 18,100 11,100 $4 0.3 $11 0.6 $11 $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 $664,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $542,000 for product JB 50 and $344,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. (a) Your answer is correct. . Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2020 JB 50 JB 60 Total Expected Unit Sales 404400 204600 Unit Selling Price 21 $ 27 Total Sales 8492400 5524200 14016600 eTextbook and Media Attempts: 3 of 5 used (b) Your answer is correct. Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2020 , JB 50 JB 60 Expected Unit Sales 404400 204 Add Desired Ending Finished Goods Units 27900 16 Total Required Units 432300 22 Less Beginning Finished Goods Units 34100 13400 Required Production Units 398200 208 eTextbook and Media Attempts: 1 of 5 used (c) Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget JB 50 JB 60 V $ $ $ $