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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. Product Product JB 50

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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. Product Product JB 50 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 . JB 50 JB 60 Total $ $ $ $ Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60 > Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget JB 50 JB 60 Total $ $ $ $ $ Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total $ A $ $ $ Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement JB 50 JB 60 Total $ $ $ 4 > $ $ > $

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