CALCULATOR JRCES PUNTER VERSION Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below Product JB 50 Product 60 403,400 $22 203,700 $27 29,900 34,700 17,700 12,000 Study Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished 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 32,800 43,800 16,600 13,300 $10 $13 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The Latter shows selling expenses of $662,000 for product B 50 and $364,000 for product 8 60, and administrative expenses of $544,000 for product B 50 and $343,000 for product 8 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30% Your answer is correct Prepare the sales budget for the year. DELEON INC Sales Budget For the Year Ending December 31, 2017 Expected unit sales 403,4001 T 203,700 Unit selling price Total sales 209,900 14,374,709 Click if you would like to show Work for this questions Open Show Work LINK TO TURTLINE IDEE Attempts: 2 of 3 used Your answer is correct. Prepare the production budget for the year 10:17 AM 4/14/2020 SHOW ANSWER LINE TO TFIT UNTO TEXT Attempts: 2 of 3 used (e) Prepare the budgeted multiple-step income statement for the year. (Note: Income taxes are not allocated to the products). DELEON INC Budgeted Income Statement For the Year Ending December 31, 2017 Cast of Goods Sold Gross Pro Operating Expenses Administrative Expenses Total Operating Expenses Interest Expense C o w to work for it Alle 10:17 AM A 4/14/2020 PrtScn Home End F10 POUP PgDn Del $12 1 1 1