Prepare the budgeted multiple step income statement for the year

ent |CALCULATOR FULL SCREEN PRINTER VERSION Problem 9-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnich the data shown below Product Product B 50 B 60 Sales budget: Anticipated volume in units Unit selling price 402,800 203,900 $28 $23 Production budget Desired ending finished goods units Beginning finished goods units 27,80019,000 34,90013,600 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 32,100 18,500 43,000 14,600 $3 $3 Direct labor budget Direct labor time per unit 0.4 0.6 Direct labor rate per hour Budgeted income statement 512 $12 Total unit cost $14 $21 An accounting assistant has prepared the detailed manufacturing overthead budget and the selling and administrative expense budget. The latter shows selling e $661,000 for product 1B 50 and $365,000 for product 18 60, and administrative expenses of $543 $150,000 (not allocated to products. Income taxes are expected to be 30%. 000 for product Je so and S342.000 for product JB 60. tnterest expense is Aghts Re