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		403,300		202,500
Unit selling price		$ 21		$ 28
Production budget:
Desired ending finished goods units		26,800		16,700
Beginning finished goods units		33,800		12,900
Direct materials budget:
Direct materials per unit (pounds)		1		2
Desired ending direct materials pounds		33,300		18,800
Beginning direct materials pounds		44,800		13,300
Cost per pound		$ 3		$ 3
Direct labor budget:
Direct labor time per unit		0.4		0.6
Direct labor rate per hour		$ 12		$ 12
Budgeted income statement:
Total unit cost		$ 14		$ 21

An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $ 661,000 for product JB 50 and $ 364,000 for product JB 60, and administrative expenses of $ 541,000 for product JB 50 and $ 341,000 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 choose the accounting period For the Quarter Ending December 31, 2020December 31, 2020For the Year Ending December 31, 2020
		JB 50		JB 60		Total
select an opening sales budget item Direct LaborDirect MaterialsExpected Unit SalesProduction UnitsTotal SalesUnit Selling Price		enter a number of units		enter a number of units
select a sales budget item Direct LaborDirect MaterialsExpected Unit SalesProduction UnitsTotal SalesUnit Selling Price		$ enter a dollar amount		$ enter a dollar amount
select a closing sales budget item Direct LaborDirect MaterialsExpected Unit SalesProduction UnitsTotal SalesUnit Selling Price		$ enter a total dollar amount		$ enter a total dollar amount		$ enter a total dollar amount

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Prepare the production budget for the year.

DELEON INC. Production Budget choose the accounting period For the Quarter Ending December 31, 2020For the Year Ending December 31, 2020December 31, 2020
		JB 50		JB 60
select an opening production budget item Direct Labor Cost per HourTotal Required Direct Labor HoursTotal Direct Labor CostCost per PoundTotal Pounds Needed for ProductionDirect Labor Time per UnitDesired Ending Direct MaterialsTotal Required UnitsRequired Production UnitsDirect Materials per UnitDesired Ending Finished Goods UnitsTotal Materials RequiredExpected Unit SalesBeginning Direct MaterialsTotal Cost of Direct Materials PurchasesDirect Materials PurchasesBeginning Finished Goods Units		enter a number of units		enter a number of units
select between addition and deduction AddLess: select a production budget item Total Required Direct Labor HoursDirect Materials per UnitBeginning Direct MaterialsTotal Direct Labor CostDesired Ending Direct MaterialsTotal Required UnitsBeginning Finished Goods UnitsTotal Cost of Direct Materials PurchasesTotal Materials RequiredTotal Pounds Needed for ProductionExpected Unit SalesCost per PoundDirect Labor Time per UnitDirect Labor Cost per HourDesired Ending Finished Goods UnitsRequired Production UnitsDirect Materials Purchases		enter a number of units		enter a number of units
select a summarizing line for the first part Total Direct Labor CostDirect Labor Cost per HourTotal Cost of Direct Materials PurchasesTotal Required UnitsCost per PoundDirect Materials PurchasesTotal Required Direct Labor HoursDesired Ending Finished Goods UnitsDesired Ending Direct MaterialsBeginning Direct MaterialsBeginning Finished Goods UnitsDirect Labor Time per UnitTotal Pounds Needed for ProductionRequired Production UnitsTotal Materials RequiredDirect Materials per UnitExpected Unit Sales		enter a total number of units for the first part		enter a total number of units for the first part
select between addition and deduction AddLess: select a production budget item Direct Materials PurchasesDirect Labor Cost per HourTotal Pounds Needed for ProductionTotal Required Direct Labor HoursTotal Materials RequiredTotal Cost of Direct Materials PurchasesDirect Materials per UnitBeginning Finished Goods UnitsDesired Ending Direct MaterialsTotal Required UnitsTotal Direct Labor CostRequired Production UnitsExpected Unit SalesCost per PoundBeginning Direct MaterialsDirect Labor Time per UnitDesired Ending Finished Goods Units		enter a number of units		enter a number of units
select a closing production budget item Expected Unit SalesBeginning Direct MaterialsTotal Pounds Needed for ProductionTotal Materials RequiredRequired Production UnitsTotal Required Direct Labor HoursBeginning Finished Goods UnitsTotal Required UnitsTotal Cost of Direct Materials PurchasesDirect Labor Cost per HourDesired Ending Finished Goods UnitsTotal Direct Labor CostCost per PoundDesired Ending Direct MaterialsDirect Materials PurchasesDirect Materials per UnitDirect Labor Time per Unit		enter a total number of units		enter a total number of units

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