Question: Please do all parts a, b, c, d, e!!! A: B: C: D: E: Oriole Inc. is preparing its annual budgets for the year ending

Please do all parts a, b, c, d, e!!!  Please do all parts a, b, c, d, e!!! A: B:
C: D: E: Oriole Inc. is preparing its annual budgets for the
A:
year ending December 31, 2022. Accounting assistants furnish the following. Product Product
B:
JB 50 JB 60 Sales budget: Anticipated volume in units 352,000 176,000
C:
Unit selling price $20 $25 Production budget: Desired ending finished goods units
26,400 13,200 Beginning finished goods units 22,000 8,800 Direct materials budget: Direct
D:
materials per unit (pounds) 2 3 Desired ending direct materials pounds 26,400
E:
8,800 Beginning direct materials pounds 35,200 13,200 Cost per pound $3 $4
Direct labor budget: Direct labor time per unit 0,40 Direct labor rate

Oriole Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 352,000 176,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 26,400 13,200 Beginning finished goods units 22,000 8,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 26,400 8,800 Beginning direct materials pounds 35,200 13,200 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0,40 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $492.800 for product JB 50 and $316,800 for product JB 60, and administrative expenses of $475,200 for product JB 50 and $299,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. 0.60 (a) Prepare the sales budget for the year. $ $ JB 50 ORIOLE INC. Sales Budget $ JB 60 TA Total (b). Prepare the production budget for the year. ORIOLE INC. Production Budget JB 50 JB 60 II (c). Prepare the direct materials budget for the year. Direct Materials Budget JB 50 $ JB 60 (d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) ORIOLE INC. Direct Labor Budget JB 50 JB 60 $ $ $ $ $ Tota (e) Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). ORIOLE INC. Budgeted Income Statement JB 50 Total $ JB 60 $

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