Problem 24-02A a-e (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below Product Product JB 50 Sales budget Anticipated volume in units Unit selling price 402,600 201,800 $23 $27 Production budget Desired ending finished goods units Beginning finished goods units 28,700 34,800 19,900 14,100 Direct materials budget Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 2 34,800 43,300 $3 3 19,900 12,700 $3 Direct labor budget Direct labor time per unit Direct labor rate per hour Budgeted income statement 0.4 0.6 $12 Total unit cost $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 JB 50 and $365,000 for product JB 60, 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. DELEON INC. Sales Budget JB 50 JB 60 Total