Problem 9-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2014. Accounting assistants furnish the data shown below Sales budget: Anticipated volume in units Unit selling price 402,500 204,300 $27 522 Production budget 18,200 11,400 27,100 Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 34,200 44,700 $2 19,400 14,800 $3 Direct labor budget 0.4 $11 0.5 $11 Direct labor time per unit per hour Budgeted income statement: 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 $663,600 for product JB 50 and $365,000 for product JB 60, and administrative expenses of $542,800 for product JB 50 and $344,400 for product JB 60. Income taxes are expected to be 30% Prepare the sales budgets for the year DELEON INC. Sales Budget For the Year Ending December 31, 2014 Expected unit sales Unit seling price Total sales Prepare the production budgets for the year DELEON INC Production Budget For the Year Ending December 31, 2014