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%. 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 e Textbook and Media Attempts: 3 of 5 used (b) Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60 Prepare the production budget for the year. DELEON INC. Production Budget Desired Ending Direct Materials Total Required Direct Labor Hours Required Production Units Total Direct Labor Cost Total Cost of Direct Materials Purchases Direct Labor Cost per Hour Desired Ending Finished Goods Units Total Pounds Needed for Production Direct Materials Purchases Direct Materials per Unit Beginning Finished Goods Units Expected Unit Sales (c Beginning Direct Materials Th order. This part will be availa Total Required Units Cost per Pound Total Materials Required Direct Labor Time per Unit