9. AL Justuju Inc. is preparing its annual budgets for the year ending December 31, 2019.Accounting assistants furnish the data shown below. Detail Product C Niz Product C Ibr Sales Budget Anticipated Volume in units 40000 20000 Unit Selling price 55 45 Production Budget: Desired ending finished goods units 2500 1500 Beginning finished goods units 3000 1000 Direct materials budget: Direct materials per unit (pounds) 20 30 Desired ending direct materials pounds 3000 1500 Beginning direct materials pounds 4000 1000 Cost per pound 3 4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour 122 155 Budgeted income statement: Total unit cost 122 222 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $645,000 for product C Niz and $345,000 for product C lbr, and administrative expenses of $545,000 for product C Niz and $345,000 for product C Ibr. Income taxes are expected to be 35%. Instructions: Prepare the following budgets for the year. Show data for each product. Quarterly budgets should be prepared for. a) Sales b) Production c) Direct materials d) Direct labor