An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget.

The latter shows selling expenses of $$665,000$ for product JB $50$ and $$362,000$ for product JB $60,$ and administrative expenses of

$$545,000$ for product JB $50$ and $$344,000$ for product JB $60.$ 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 $31,2020($b$)$

Your answer is correct.

Prepare the production budget for the year.

DELEON INC.

Production Budget

For the Year Ending December $31,2020$

Expected Unit Sales

Desired Ending Finished Goods Units

Total Required Units Prepare the direct materials budget for the year.

DELEON INC.

Direct Materials Budget

For the Year Ending December $31,2020$

JB $50$

JB $60$Prepare the direct labor budget for the year. $($Round Direct labor time per unit answers to $1$ decimal place, e$.$g$.52\mathrm{.}5.)$

DELEON INC.

Direct Labor Budget

For the Year Ending December $31,2020$

Desired Ending Finished Goods Units

Direct Labor Time $($Hours$)$ per UnitDELEON INC.

Budgeted Income Statement

For the Year Ending December $31,2020$Deleon Inc. is preparing its annual budgets for the year ending December $31,2020.$ Accounting assistants furnish the data shown

below.

Sales budget:

Anticipated volume in units

$403,200,203,300$

Unit selling price

$$23,$$$28$

Production budget:

Direct materials budget:

Direct labor budget:

Direct labor time per unit

$0\mathrm{.}3,0\mathrm{.}6$

Direct labor rate per hour

$$11,$$$11$

Budgeted income statement: