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Deleon Inc is preparing its annual budgets for the year ending December 31. 2017 . Accounting asvistants furrish the data shown below. Uirect materials budget: Direct materials per unit (pounds) 2 Desired ending direct materials pounds 34,80019,900 Beginningdirectmaterialspounds43,30012,700 Cost per pound $3 53 Direct labor budget: Direct labor time per unit Direct labor rate per hour $12$12 Budgeted income statement: Total unit cost $12$22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $661,000 for product JB50 and $365,000 for product 1860 and administrative expenses of $544,000 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. Unit selling price Total sales eTextbook and Media Prepare the production budget for the year. DELEON INC. Production Budget Prepare the production budget for the year. Prepare the direct materials budget for the year. (B) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal ploce e. .52.7) Prepare the budgeted multiple-step income statement for the year. (Note income taxes are not allocated to the products) (B) Prepare the direct labor budget for the year. (Round Direct labor time per unit antwers to 1 decind plact es. 52.7 ]. DELEON INC. Direct Labor Budget J8 50 1860 Tota 5 5 Prepare the budgeted multiple-step income statement for the year. (Note income taxes are not allocated to the products) (B)