21-2A part C

CALCULATOR PRIN Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 401,000 $21 201,000 $27 26,000 31,000 16,000 11,000 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 1 2 31,000 41,000 $2 16,000 11,000 $3 0.3 0.6 $10 $10 $12 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $661,000 for product JB 50 and $361,000 for product B 60, and administrativ $541,000 for product JB 50 and $341,000 for product 38 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. (a) Your answer is correct. Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Expected unit sales 401,000 201,000 Unit selling price 21 27 $1 Total sales 8,421,000 5,427,000 13,848,000 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER (b) Your answer is partially correct. Try again. Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2017 dy JB 50 JB 60 Expected Unit Sales 401000 201000 Desired Ending Finished Goods Units 26000 16000 w Total Required Units 427000 217000 Less Beginning Finished Goods Units -31000 -11000 Total Required Units 396000 206000 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER LINK TO TEXT LINK TO TSYT Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget JB 50 JB 60 Total > $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT UNK TO TEXT CALCULATOR PRIN Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 401,000 $21 201,000 $27 26,000 31,000 16,000 11,000 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 1 2 31,000 41,000 $2 16,000 11,000 $3 0.3 0.6 $10 $10 $12 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $661,000 for product JB 50 and $361,000 for product B 60, and administrativ $541,000 for product JB 50 and $341,000 for product 38 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. (a) Your answer is correct. Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Expected unit sales 401,000 201,000 Unit selling price 21 27 $1 Total sales 8,421,000 5,427,000 13,848,000 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER (b) Your answer is partially correct. Try again. Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2017 dy JB 50 JB 60 Expected Unit Sales 401000 201000 Desired Ending Finished Goods Units 26000 16000 w Total Required Units 427000 217000 Less Beginning Finished Goods Units -31000 -11000 Total Required Units 396000 206000 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER LINK TO TEXT LINK TO TSYT Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget JB 50 JB 60 Total > $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT UNK TO TEXT