An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget The latter shows selling expenses of $6,49,600 for product JB50 and $417,600 for product JB,60 and administrative expenses of $626,400 for product J8 50 and $394,400 for product J 860 . Interest expense is $150,000 (not allocated to products) Income taxes are expected to be 20%. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget The latter shows selling expenses of $6,49,600 for product JB50 and $417,600 for product JB,60 and administrative expenses of $626,400 for product J8 50 and $394,400 for product J 860 . Interest expense is $150,000 (not allocated to products) Income taxes are expected to be 20%