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I will give a thumbs up for the correct answer. Sunland Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting
I will give a thumbs up for the correct answer.
Sunland Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: 376,000 188,000 $25 $30 28,200 14,100 23,500 9.400 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: 2 3 28,200 9,400 37,600 14,100 $3 $4 0.4 0.6 Direct labor time per unit $12 $12 Direct labor rate per hour Budgeted income statement: $13 $20 Total unit cost An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $526,400 for product B 50 and $338.400 for product JB 60, and administrative expenses of $507.600 for product JB 50 and $319,600 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20% Prepare the sales budget for the year, SUNLAND INC. Sales Budget JB 50 JB 60 Total $ $ $ SUNLAND INC. Production Budget JB 50 JB 60 Prepare the direct materials budget for the year. SUNLAND INC. Direct Materials Budget JB 50 JB 60 $ $ $ $ I Prepare the direct materials budget for the year, SUNLAND INC. Direct Materials Budget JB 50 JB 60 Total 5 5 $ Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 52.5.) SUNLAND INC. Direct Labor Budget JB 50 JB 60 Tota $ $ $ $ $ SUNLAND INC. Budgeted Income Statement JB 50 JB 60 Total $ $ $ Step by Step Solution
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