DELEON INC. Production Budget For the Year Ending December 31, 2020 JB 50 JB 60 Expected Unit Sales 403200 2 Add Desired Ending Finished Goods Units 28000 Total Required Units 431200 2: Less V: Beginning Finished Goods Units 33500 i 1210 Required Production Units 397700 2 e Textbook and Media Attempts: 2 of 5 used (c) Your answer is correct. Prepare the direct materials budget for the year. DELEON INC. . Direct Materials Budget For the Year Ending December 31, 2020 JB 50 JB 60 Direct Materials per Unit 1 Units to be Produced 397700 Total Pounds Needed for Production 397700 Add Desired Ending Direct Materials (Pounds) 33100 Total Materials Required 430800 Less Beginning Direct Materials (Pounds) 44900 149 Direct Materials Purchases 385900 Cost per Pound 3 Total Cost of Direct Materials Purchases $ 1157700 $ 10 e Textbook and Media Attempts: 4 of 5 used (d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 52.5.) DELEON INC. Direct Labor Budget JB 50 JB 60 $ $ $ $ $ Current Attempt in Progress 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 60 403,200 $23 203.300 $28 28.000 33.500 17,000 12.100 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 Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost 1 33.100 44,900 $3 2 16,400 14,900 $4 0.3 $11 0.6 $11 $14 $22 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 $362,000 for product JB 60, and administrative expenses of $545,000 for product JB 50 and $344,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. (a) Your answer is correct. Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2020 JB 50 JB 60 Total Expected Unit Sales 403200 203300 Unit Selling Price $ 23 $ 28 Total Sales $ 9273600 $ 5692400 $ 14966000 e Textbook and Media Attempts: 2 of 5 used (b)
