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 60 404.400 201.000 $ 22 $27 28,800 17,600 Sales budget Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds 34,100 13.100 1 34,600 16,400 41.100 13.000 $2 $4 Cost per pound 28.800 17,600 34,100 13.100 1 2 34,600 16,400 41,100 13,000 Desired ending finished goods units Beginning finished goods units Direct materials budget Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost $2 $4 0.3 0.6 $ 10 $ 10 $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 je 50 and $ 345,000 for product JB 60. Interest expense is $150,000 not allocated to products), Income taxes are expected to be 30% e the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2020 JB 50 JB 60 irect Materials Purchases Add u Desired Ending Finished Goods Units Total Pounds Needed for Production Less : Beginning Finished Goods Units Total Required Units 4. Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2020 JB 50 JB 60