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 60 376,000 188,000 $25 $30 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 28,200 14,100 23,500 9,400 2 3 28,200 9,400 37,600 14,100 Cost per pound $3 $4 $3 $4 0.4 06 Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost $12 $12 $13 $20 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 JB 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% (a) Prepare the sales budget for the year. SUNLAND INC. Sales Budget For the Year Ending December 31, 2022 JB 50 JB 60 Total Expected Unit Sales 376000 188000 Unit Selling Price $ 25 30 Total Sales $ $ 9,400,000 $ 5640000 15,040,000 Taythaaland Media Prepare the production budget for the year. SUNLAND INC. Production Budget For the Year Ending December 31, 2022 JB 50 JB 60 Expected Unit Sales 376000 188000 Add : Desired Ending Finished Goods Units 28.200 14,100 Total Required Units 404,200 202.100 Less : Beginning Finished Goods Units 23.500 i 9400 i Required Production Units 380.700 192,700 SUNLAND INC. Direct Materials Budget For the Year Ending December 31, 2022 JB 50 JB 60 Units to be Produced 380700 192700 Direct Materials per Unit 2 3 Total Pounds Needed for Production 761400 578100 Add Desired Ending Direct Materials (Pounds) 28200 9400 Total Materials Required 789600 587500 Less : Beginning Direct Materials (Pounds) 37600 i 14100 Direct Materials Purchases 752,000 601600 Cost per Pound $ 4 JB 50 JB 60 Units to be produced 380700 192700 Direct Materials per Unit 2 3 Total Pounds Needed for Production 761400 578100 Add Desired Ending Direct Materials (Pounds) 28200 9400 Total Materials Required 789600 587500 Less Beginning Direct Materials (Pounds) 37600 14100 Direct Materials Purchases 752000 601600 Cost per Pound 3 4 Total Cost of Direct Materiais Purchases $ 2.256,000 S 2.406,400 SUNLAND INC. Direct Labor Budget JB 50 JB 60 Total Units to be produced 380700 192700 Direct Labor Time (Hours) per Unit 0.40 0.60 > Direct Labor Cost per Hour $ > $ Total Direct Labor Cost $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
