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Deleon Inc. is preparing its annual budgets for the year ending December 31,2020 . Accounting assistants furnish the data shown below. begin{tabular}{lcc} Product & Product

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Deleon Inc. is preparing its annual budgets for the year ending December 31,2020 . Accounting assistants furnish the data shown below. \begin{tabular}{lcc} Product & Product \\ JB 50 & JB 60 \\ \hline \end{tabular} Sales budget: Anticipated volume in units Unit selling price 403,200$23203,300$28 Production budget: Desired ending finished goods units 28,00017,000 Beginningfinishedgoodsunits33,50012,100 Direct materials budget: Directmaterialsperunit(pounds)DesiredendingdirectmaterialspoundsBeginningdirectmaterialspoundsCostperpound133,10044,900$3216,40014,900$4 Direct labor budget: Direct labor time per unit 0.30.6 Direct labor rate per hour Budgeted income statement: Total unit cost $14 expenses of $545,000 for product JB 50 and $344,000 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. Prepare the production budget for the year. Prepare the direct materials budget for the year. Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products

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