Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 404,400 201,000 Unit selling price $22 $27 Production budget: Desired ending finished goods units 28,800 17,600 Beginning finished goods units 34,100 13,100 Direct materials budget: Direct materials per unit (pounds) 1 2 Desired ending direct materials pounds 34,600 16,400 Beginning direct materials pounds 41,100 13,000 Cost per pound $2 $4 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 $365,000 for product JB 60, and administrative expenses of $545,000 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 direct materials budget for the year. Units to be Produced Direct Materials per Unit Total Pounds Needed for Production DELEON INC. Direct Materials Budget For the Year Ending December 31, 2020 JB 50 399,100 1 399,100 JB 60 205,500 2 411,000 Add : Desired Ending Direct Materials (Pounds) 34,600 16,400 Total Materials Required Less Beginning Direct Materials (Pounds) Direct Materials Purchases Cost per Pound Total Cost of Direct Materials Purchases eTextbook and Media Solution +A 433,700 41,100 392,600 2.00 +A $ 785,200 +A $ +A 427,400 13,000 i 414,400 4.00 1,657,600 JB 60 Total Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) DELEON INC. Direct Labor Budget > JB 50 > +A $ $ A $