thle .) Do not prepare administrative expense budget the direct materials budget for Tarr P9-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 20,, Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: 400,000 200,000 Anticipated volume in units $20 $25 Unit selling price Production budget: 30,000 25,000 15,000 10,000 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 30,000 40,000 $3 10,000 15,000 $4 Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: 0.4 $12 0.6 $12 Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $560,000 for product JB 50 and $360,000 for product JB 60, and administrative expenses of $540,000 for product JB 50 and $340,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. Instructions Prepare the following budgets for the year: Show data for each product. Quarterly budgets should not be prepared. (a) Sales (d) Direct labor (e) Multiple-step income statement (Note: income taxes are (c) Direct materials not allocated to the products)