Deleon Inc. Is preparing its annual budgets for the year ending December 31, 2014. Accounting assistants furnish the data shown below. Sales budget 400,000 200,000 Anticipated volume in units Unit seling price $20 Production budget: Desired ending finished goods units Deginning finished goods units 0,00015,000 25,000L0,000 Direct materials budget Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 30,000 10,000 40,00015,c00 $4 $3 Direct labor budget 0.4 $12 0.6 $12 Direct labor time per unit 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 $560,000 for product JB 50 and $360,000 for product JB 60 and administrative expenses of $540,000 for product B 50 and $340 000 for product 3B 60 Incom e taxes are expected to be 30%. Prepare the sales budgets for the year DELEON INC Sales Budget For the Year Ending br31, 2014 Expected unit sales 400000 Unit selling price Total sales Prepare the production budgets for the year 20 25 500000 DELEON INC For the Year Ending December 31, 2014 B 50 B 60