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 B 50 B 60 Sales budget: 04,900 201,000 $28 Anticipated volume in units Unit selling price $22 Production budget: Desired ending finished goods units Beginning finished goods units 9,800 19,900 32,200 11,500 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 32,100 43,100 $3 18,400 14 $4 Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: 0.4 0.6 $11 $11 $12 Total unit cost $21 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 $543,000 for product JB 50 and $341,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30% Your answer is correct. Prepare the sales budget for the year DELEON INC. Sales Budget For the Year Ending Total B 50 60 Expected Unit Sales 201 DELEON INC. Production Budget B 50 JB 60 201 Expected Unit Sales Desired Ending Finished Goods Units Add Total Required U 434 Beginning Finished Goods Units Less Required Production Units ANSWER By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 3 of 3 used Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget Total 50 B 60