sent CALCULATOR HESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 9-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2014. Accounting assistants furnish the data shown below. Product 401,100 $22 203.800 $27 27,600 31,700 17,300 11.900 Sales budget: Anticipated volume in units Unit selling price Production budget: 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 Direct labor budget: Direct Labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost 2 34,400 41,500 $2 3 19,600 13,300 0.3 $12 0.6 $12 $13 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $661,300 for product B 50 and $365,000 for product 38 60, and administrative expenses of $544,200 for product B 50 and $342,900 for product 8 60. Income taxes are expected to be 30%. en Assignment CALCULATOR HAGE HY INSTRUCTOR PRINTER VERSION RACK Prepare the income statement budgets for the year OURCES New DELEON INC Budgeted Income Statement For the Year Ending December 31, 2014 Sales 8824200 5502600 14326800 Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses DOMO Income before Income Taxes Income Tax Expense Net Income/ (Loss) Version Privacy Policy 1 R 2000-2020 Jahn Wiley Sons. All Rights Reserved. A Division of the Wine