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 Sales budget: Anticipated volume in units 403,700 203,300 Unit selling price $23 $28 Production budget: Desired ending finished goods units 27.900 19,300 Beginning finished goods units 31,600 12,600 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 33,600 16,700 Beginning direct materials pounds 43.200 14,800 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.3 0.6 Cost per pound 25 $3 $4 Direct labor budget: Direct labor time per unit 0.3 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $14 $22 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 JB 50 and $365,000 for product JB 60, and administrative expenses of $543.000 for product JB 50 and $342.000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30% (a) Prepare the sales budget for the year DELEON INC. Sales Budget Prepare the sales budgets for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2014 Prepare the production budgets for the year. DELEON INC. Production Budget For the Year Ending December 31, 2014 Prepare the direct materials budgets for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2014 Prepare the direct labor budgets for the year. DELEON INC. Direct Labor Budget For the Year Ending December 31, 2014 Prepare the income statement budgets for the year. DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2014 Prepare the production budgets for the year. DELEON INC. For the Year Ending December 31, 2014 Prepare the direct materials budgets for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2014 Prepare the direct labor budgets for the year. DELEON INC. Direct Laber Badge For the Year Ending December 31, 2014 Prepare the income statement budgets for the year. DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2014