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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. An accounting assistant has
Deleon inc. is preparing its annual budgets for the year ending December 31,2020 . Accounting assistants furnish the data shown below. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and $361,000 for product JB 60 , and administrative expenses of $541,000 for product JBS0 and $344,000 for product JB60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. (a) Prepare the sales budget for the year. Prepare the production budget for the year
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