ETAL ACCOUNTING (ACCT 105) Assignment NEXT Deleon Inc. is preparing its annual budgets for the e year ending December 31, 2017. Accounting assistants furnish the data shown below 31, 2017 ProductProduct JB 50 JB 60 Anticipated volume in units 402,300 201,600 $28 $23 Production budget Desired ending finished goods units Beginning finished goods units 27,300 31,300 2 19,500 11,800 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 32,700 41,500 $3 19,500 12,400 $3 Direct labor budget: 0.4 0.6 Direct labor time per unit Direct labor rate per hour Budgeted income statement $11 $11 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 $662,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $342,000 for product J8 60. Interest expense is $150,000 (not allocated to products), income taxes are expected to be 30%. All Rights A Division Version 4.24.6.2 acBook Pro