Blossom Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 496,000 248,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 37,200 18,600 Beginning finished goods units 31,000 12,400 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 37,200 12,400 Beginning direct materials pounds 49,600 18,600 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $694,400 for product JB 50 and $446,400 for product JB 60, and administrative expenses of $669,600 for product JB 50 and $421,600 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%.