Pharoah Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following.

		Product JB 50		Product JB 60
Sales budget:
Anticipated volume in units		448,000		224,000
Unit selling price		$ 20		$ 25
Production budget:
Desired ending finished goods units		33,600		16,800
Beginning finished goods units		28,000		11,200
Direct materials budget:
Direct materials per unit (pounds)		2		3
Desired ending direct materials pounds		33,600		11,200
Beginning direct materials pounds		44,800		16,800
Cost per pound		$ 3		$ 4
Direct labor budget:
Direct labor time per unit		0.40		0.60
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 budget. The latter shows selling expenses of $ 627,200 for product JB 50 and $ 403,200 for product JB 60, and administrative expenses of $ 604,800 for product JB 50 and $ 380,800 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. PHAROAH INC. Sales Budget JB 50 JB 60 Total $ $ $ $ $ PHAROAH INC. Production Budget JB 50 JB 60 v : Prepare the direct materials budget for the year. PHAROAH INC. Direct Materials Budget JB 50 JB 60 $ $ $ > > > >