Question: Please Do NOT copy other QUESTION requirements solve on the given blank area Concord Inc. is preparing its annual budgets for the year ending December

 Please Do NOT copy other QUESTION requirements solve on the given

blank area Concord Inc. is preparing its annual budgets for the year

ending December 31, 2022. Accounting assistants furnish the data shown below. Product

JB 50 Product JB 60 Sales budget: Anticipated volume in units 344,000

172,000 $35 $40 Unit selling price Production budget: 25,800 12,900 Desired ending

finished goods units Beginning finished goods units 21,500 8,600 Direct materials budget:

Direct materials per unit (pounds) 2 3 3 Desired ending direct materials

pounds 25,800 8,600 34,400 12,900 Beginning direct materials pounds Cost per pound

$3 $ $4 Direct labor budget: Direct labor time per unit 0.4

Please Do NOT copy other QUESTION requirements solve on the given blank area

Concord Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 344,000 172,000 $35 $40 Unit selling price Production budget: 25,800 12,900 Desired ending finished goods units Beginning finished goods units 21,500 8,600 Direct materials budget: Direct materials per unit (pounds) 2 3 3 Desired ending direct materials pounds 25,800 8,600 34,400 12,900 Beginning direct materials pounds Cost per pound $3 $ $4 Direct labor budget: Direct labor time per unit 0.4 0.6 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 $481,600 for product JB 50 and $309,600 for product JB 60, and administrative expenses of $464,400 for product JB 50 and $292,400 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. Prepare the sales budget for the year. CONCORD INC. Sales Budget JB 50 JB 60 Total > Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) CONCORD INC. Direct Labor Budget JB 50 JB 60 Total $ $ $

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