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 JB 60 Sales budget Anticipated volume in units Unit selling price 402,600201,800 $27 $23 Production budget: 19,900 14,100 Desired ending finished goods units Beginning finished goods units 28,700 34,800 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 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 $12 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 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% Your answer is correct. Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2020 Total JB 50 JB 60 Expected Unit Sales 402600 201800 Unit Selling Price 23 27 sl 14708400 9259800 5448600 Total Sales (b) Prepare the production budget for the year. DELEON INC. Production Budget JB 60 JB 50 LINK TO TEXT LINK TO TEXT