Cheyenne Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 403,400 201,800 Unit selling price $22 $27 Production budget: Desired ending finished goods units 27,500 17,200 Beginning finished goods units 32,800 13,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 31,100 17,800 Beginning direct materials pounds 42,600 12,000 Cost per pound $2 $3 Direct labor budget: Direct labor time per unit 0.3 0.6 Direct labor rate per hour $10 $10 Budgeted income statement: Total unit cost $13 $22 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 JB 50 and $361,000 for product JB 60, and administrative expenses of $541,000 for product JB 50 and $345,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. Prepare the sales budget for the year. CHEYENNE INC. Sales Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Expected unit sales 403400 201800 Unit selling price $ 22 $ 27 Total sales $ 8874800 $ 5448600 $ 14323400 CHEYENNE INC. Production Budget JB 50 JB 60 :