Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below Product Product JB50 JB 60 Sales budget Anticipated volume in units Unit selling price 402100 204400 $23 $27 Production budget: Desired ending finished goods units Beginning finished goods units 29900 33300 14600 18100 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 31100 1670o 42500 12000 $4 $2 Direct labor budget Direct labor time per unit Direct labor rate per hour 0.3 0.6 $12 $12 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 $664000 for product JB 50 and $365000 for product JB 60, and administrative expenses of $545000 for product JB 50 and $345000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%