Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: 402.500 202,500 Anticipated volume in units Unit selling price $23 $28 30,000 16,000 33,500 13,800 Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds 1 3 32,700 18.900 Desired ending direct materials pounds 32.700 18,900 Beginning direct materials pounds 43,300 14,200 $3 3 $4 Cost per pound Direct labor budget: Direct labor time per unit 0.3 0.6 $12 $12 Direct labor rate per hour Budgeted income statement: Total unit cost $12 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget The latter shows selling expenses of $661.000 for product JB 50 and $363,000 for product JB 60, and administrative expenses of $545,000 for product JB 50 and $343.000 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 Expected unit sales Unit selling price $ Total sales $ eTextbook and Media Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60 v Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget JB 50 JB 60 $ Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e$. 52.7) DELEON INC. Direct Labor Budget JB 50 JB 60 Toti $ Prepare the budgeted multiple step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement JB 50 JB 60 Total TI