Concord Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 344.000 172,000 $35 $40 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 25.800 12.900 21.500 8,600 2 3 25,800 8,600 Beginning direct materials pounds 34.400 12,900 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 $12 $12 Direct labor rate per hour 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 $481,600 for product B 50 and $309,600 for product JB 60, and administrative expenses of $464,400 for product B 50 and $292,400 for product B 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%