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 60 403.400 203.700 $22 $27 29.900 17.700 34.700 12.000 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: 1 2 32.800 16,600 43.800 13.300 $3 $3 04 0.6 Direct labor time per unit Direct labor rate per hour 510 $10 Budgeted income statement $13 521 Total unit cost 074 Direct labor time per unit 0.6 Direct labor rate per hour $10 $10 Budgeted income statement 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 $662,000 for product JB 50 and $364 000 for product JB 60, and administrative expenses of $544,000 for prodbct B 50 and $343,000 for product JB 60, Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30% (a) Your arwer 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 403400 203700 Dxpected Unit Sales $ 22 $ Unit Selling Price $ TADO 5499700 14374.700 TOS (b) ) Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60 > e Textbook and Media Attempts: 0 of 3 used Submit Answer save for Later