Hi all, looking for help with the red boxes. I got about 90% of the questions right and have provided them just incase you need it.

Thanks!

Problem 22-02A 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 404,400 202,600 Unit selling price $23 $28 Production budget: Desired ending finished goods units 27,300 19,000 Beginning finished goods units 34,700 13,000 Direct materials budget: Direct materials per unit (pounds) 2 Desired ending direct materials pounds 34,200 19,400 Beginning direct materials pounds 44,400 12,000 Cost per pound $3 $3 Direct labor budget Direct labor time per unit 0.4 0.6 Direct labor rate per hour $10 $10 Budgeted income statement: Total unit cost $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 $663,000 for product JB 50 and $361,000 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%. 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 # 404400 202600 Unit Selling Price 23 28 Total Sales 9301200 5672800 14974000Your answer is correct. Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2020 18 50 18 60 Expected Unit Sales 404400 202600 Add * Desired Ending Finished Goods Units 27300 19000 Total Required Units 431700 221600 Less # Beginning Finished Goods Units 34700 13000 Required Production Units 397000 208500 LINK TO TEXT w/ Your answer is correct. Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2020 18 50 JB 60 Total Units to be Produced 397000 208500 Direct Materials per Unit Total Pounds Needed for Production 794000 417200 Add * Desired Ending Direct Materials (Pounds) # 34200 19400 Total Materials Required 828200 136500 Less Beginning Direct Materials (Pounds) 44400 12000 Direct Materials Purchases 783800 424600 Cost per Pound Total Cost of Direct Materials Purchases 2351400 1273800 3625200JB 50 JB 60 Total Units to be Produced 397000 208600 Direct Labor Time (Hours) per Unit .6 Total Required Direct Labor Hours 158800 125160 Direct Labor Cost per Hour 10 10 Total Direct Labor Cost 1588000 1251600 2839500 LINK TO TEXT Your answer is partially correct. Try again. Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2020 JB 50 JB 60 Tota 9301200 5672800 14974000 5661600 4457200 10118800 3639600 1215600 4855200 663000 361000 1024000 544000 343000 887000 1207000 704000 1911000 15000