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ACCT 117 Delcon Inc is preparing it annual budget for 2019. it sells two products as below The CEO has requested the sales diretor, production manager& the acconting staff to prepare the budgets INFORMATION AVAILABLE Product JB 50 $20.00 525.00 Direct Material per Unit Cost Per Pound Direct Labor Time per unit (as per hour) Direct Labor Rate per hour 0.6 $12.00 $12.00 Variable Overhead- per unit 52.20 $2.20 1)DETERMINE THE COST PER UNIT Product 18 6O Unit Cost DM DL Variable Overhead Product J0 50 2) Production Budget DETERMINE THE NUMBER OF UNITS OF EACH PRODUCT TO BE PRODUCED Cost per Unit NOTE: Beginning Iventory Units Product J8 50-Beginning inventory Product JB 60 $13.00 21.00 500 Budget Sales Units + Desired Finish Inventory-Beginning Inventory Required production Units IN UNITS 60 3) DETERMINE THE COST OF GOODS SOLD Beginning Inv. Goods Available for resales Less ending lnventory Cost of Goods Sold 4) PREPARE THE MASTER BUDGET Selling Price SGA $20.00 per unit $25.00 per unit Selling 8 50 JB 50 $50,000.00 18 60 $200,000.00 860 $5,000.00 $50,000.00 Delcon Corporation Budget For the year ending 12/31/18 Product JB 50 Product JB 60 Total Units Sales Cost of Goods Sold CM/GM CM %/GMX SG&A Selling Administrative Total Net Income before taxes Income taxes (30%) Net Income

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