Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 403,200 203,300 Unit selling price $23 $28 Production budget: Desired ending nished goods units 28,000 17,000 Beginningnished goods units 33,500 12,100 Direct materials budget: Direct materials per unit (pounds) 1 2 Desired ending direct materials pounds 33,100 16,400 Beginningdirect materials pounds 44,900 14,900 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.3 0.6 Direct labor rate per hour $11 $11 Budgeted income statement: Total unit cost $14 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative apense budget. The latter shows selling expenses of $665,000 for product JB 50 and $362,000 for product 18 60, and administrative 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. DELEON INC. Sales Budget 13 50 )5 60 Total Expected unit sales Unit selling price $ $ Total sales $ $ $ eTextbook and Media Prepare the production budget for the year. DELEON INC. Production Budget A v A A v v A v A A v v A v eTextbook and Media Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget B 50 JB 60 Total 4 : + 4 : + to $ $ e Textbook and Media Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total 4 $ $ A $ eTextbook and MediaPrepare the budgeted multiplestep income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement JB 50 J360 Total 0 '60 '66 '60 0 0 0 0 0 0 0 0 0 '8' *9! 0 0 *8)