JB 50 JB 60 Sales budget: Anticipated volume in units 472.000 236,000 Unit selling price $30 $35 Production budget: Desired ending finished goods units 35,400 17.700 Beginning finished goods units 29,500 11.800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 35,400 11,800 Beginning direct materials pounds 47,200 17,700 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budge The latter shows selling expenses of $660,800 for product JB 50 and $424,800 for product JB 60, and administrative expenses of $637,200 for product JB 50 and $401,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. (a) Your answer is correct. Prepare the sales budget for the year. CORONADO INC. Sales Budget For the Year Ending December 31, 2022 JB 50 JB 60 Total Expected Unit Sales 472000 236000 Unit Selling Price $ 30 $ 35 Total Sales $ 14,160,000 $ 8,260,000 $ 22,420,000 Prepare the production budget for the year. CORONADO INC. Production Budget For the Year Ending December 31, 2022 JB 50 JB 60 v: 1 e Textbook and Media