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Problem 24-02A a-e Part Level Submission) Deleon Inc. is preparing its annual budgets for the...

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Accounting

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Problem 24-02A a-e Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below Product Product B 50 JB 60 Sales budget Anticipated volume in units Unit selling price 404,900 201,000 $22 $28 Production budget: Desired ending finished goods units Beginning finished goods units 29,800 32,200 19,900 11,500 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 32,100 43,100 53 18,400 14,300 $4 Direct labor budget Direct labor time per unit Direct labor rate per hour 0.4 0.6 $11 Budgeted income statement $21 Total unit cost $12 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and $361,000 for product JB 60, and administrative expenses of $543,000 for product JB 50 and $341,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 3096 Prepare the sales budget for the year. DELEON INC Sales Budget Total JB 50 B 60

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