Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem 21-2a (part level submlssion) deleon inc.

Problem 21-2A (Part Level Submlssion) Deleon Inc. is preparing ts annual budgots for the year...

50.1K

Verified Solution

Question

Accounting

image
image
Problem 21-2A (Part Level Submlssion) Deleon Inc. is preparing ts annual budgots for the year ending December 31, 2017. Accounting assistants furnish the data shown below Product JB 50 Product JB 60 Sales budget 402,300 201,603 Anticipated volume in units Unitl selling price Production budget 27,300 19,500 Desired onding finished goods units Beginning finished goods units 31,300 11,800 Direct materials budget Direct materials per unit (pounds) Desired ending direct materisis pounds Beginning direct materials pounds Cost per pound 32,700 19,500 41,50012,400 Direct labor budget Direct labor time per unit Direct labor rate per hour 04 $11 Budgeted income statement Total unit cost $14 An accounting assistant has prepared the detaliled manufacturing overhead budget and the seling and administrative expense budget. The lather shows seling expenses of $862,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $342,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

1 mishkin and eakins argue that many of the structural aspects of the financial system can be...

Programming
1.2K views

Click here to show hidden content In the main section, following the last question, create a drop-down...

Psychology
1.2K views

1.Employees often perform work tasks simply because their bosses tell them to do so. This is...

Electrical Engineering
1.2K views

Sources are not all the same in the way they specify the output voltage. Some assume...

Economics
1.2K views

V. State whether you agree or disagree with the following statements and briefly explain why. Please...

Biology
1.2K views

While on foot, presuming they outnumbered the gendarmes, why do you think an account of...

Biology
1.2K views

Many researchers believe that mirror neurons allow humns todevelop facial expressions for basic emotions.experience empathy.reverse...

Calculus
1.2K views

Score 1 11 1 11 Question 6 Find the equatio function

Algebra
1.2K views

factor the following polynomial function completely Use the Conjugate Roots Theorem if applicable x x6...

Algebra
1.2K views

d the slope of the line if it exists 0 10 Ay Q G Select...

Accounting
1.2K views

On December 31,2021, PT Petang acquired 75% of the outstanding shares of PT Sore at...

Accounting
1.2K views

Answer part B Cheyenne Hardware Store completed the following merchandising transactions in...