(c) Prepare the direct materials budget for the year, WILDHORSE INC. Direct Materials Budget JB 50 JB 60 > > e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer View Policies Show Attempt History Current Attempt in Progress Wildhorse Inc is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following Product 1850 Product JB 60 Sales budget 488,000 244,000 $20 $25 36,600 18,300 30,500 12,200 2 3 Anticipated volume in units Unit selling price Production budget Desired ending hinished 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 36,600 12,200 48,800 18,300 $3 $4 0.40 0.60 $12 $12 $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 $683 200 for product B 50 and $439.200 for product JB 60 and administrative expenses of $658,800 for product JB 50 and 5414,800 for product JB 60. Interest expense is $150,000 (not allocated to products) Income taxes are expected to be 20%