Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below Product Product B 50 B 60 Sales budget: Anticipated volume in units Unit selling price 403,200 204,100 $23 $27 Production budget Desired ending finished goods units Beginning finished goods units 29,300 17,800 34,400 11,900 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 32,300 41,300 $3 17,300 14,300 $3 Direct labor budget: 0.3 $12 0.6 Direct labor time per unit Direct labor rate per hour $12 Budgeted income statement: Total unit cost $12 521 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and $361,000 for product JB 60, and administrative expenses of $541,000 for product JB 50 and $344,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be30%