Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 404,400 204,600 Unit selling price $21 $27 Production budget: Desired ending finished goods units 27,900 16,900 Beginning finished goods units 34,100 13,400 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 2 18,100 43,900 11,100 $4 32,900 $2 Direct labor budget: 0.3 0.6 Direct labor time per unit Direct labor rate per hour Budgeted income statement: $11 $11 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 $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%. Prepare the sales budget for the year. DELEON INC. Sales Budget JB 50 JB 60 Total eTextbook and Media Prepare the production budget for the year. DELEON INC. Production Budget UB 50 JB 60 eTextbook and Media Prepare the direct materials budget for the year DELEON INC. Direct Materials Budget JB 50 JB 60 Total Total Pounds Needed for Production Desired Ending Finished Goods Units Total Cost of Direct Materials Purchases Total Materials Required Cost per Pound Units to be Produced Direct Materials Purchases Desired Ending Direct Materials (Pounds) Direct Materials per Unit Direct Labor Time per Unit Beginning Direct Materials (Pounds) Direct Labor Cost per Hour Total Required Units Total Direct Labor Cost Expected Unit Sales Total Required Direct Labor Hours Beginning Finished Goods Units r. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e-g. 52.5.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total Desired Ending Finished Goods Units Direct Labor Cost per Hour e statement for the year. (Note: income taxes are not allocated to the products). Direct Labor Time (Hours) per Unit Total Cost of Direct Materials Purchases DELEON INC. Budgeted Income Statement Total Pounds Needed for Production Total Required Direct Labor Hours UB 50 JB 60 Total DELEON INC. Budgeted Income Statement JB 50 JB 60 Total Income from Income before Income Taxes Purchases Ending Inventory Operating Expenses Total Operating Expenses Interest Expense Net Income / (Loss) Sales Income Tax Expense Administrative Expenses Selling Expenses Gross Profit Cost of Goods Sold Beginning Inventory