Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 401,100 202,100 Unit selling price $23 $27 Production budget: Desired ending finished goods units 26,100 19,800 Beginning finished goods units 31,800 14,200 Direct materials budget: Direct materials per unit (pounds) 2 2 Desired ending direct materials pounds 33,800 18,000 Beginning direct materials pounds 41,000 14,400 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 $12 $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 $363,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $343,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. Collapse question part (

a) Prepare the sales budget for the year.

(b) Prepare the sales budgets for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2014

(c) Prepare the production budgets for the year. DELEON INC. Production Budget For the Year Ending December 31, 2014 Expected Unit Sales Add: Desired Ending Finished Goods Units 28,200 Total Required Units Less: Beginning Finished Goods Units Required Production Units

Prepare the direct materials budgets for the year.

Prepare the direct labor budgets for the year. (Round Direct labour time per unit to 1 decimal place, e.g. 15.2.)

Prepare the income statement budgets for the year.