Question: Help, will thumbs up! Problem 23-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data
Problem 23-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Sales budget 04,400 201800 $27 Unit seling price 8,800 7, 4,100 13,100 Begining fenhed goods Direct materials budget Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct manenials pounds Cost per pound 4,80016400 1,1001,00 Direct laber budget Direct labor bme per unt Direct labor rate per hour Budgeted income statement 0.6 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 J8 50 and $365,000 for product JB 60, and administrative expenses of $545,000 for product JB 50 and $345,000 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 Expected unit sales Unit selling priceS Prepare the production budget for the year DELEON INC
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