Please answer only part (e) step by step

Deleon Inc is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown Product JB 50 Product JB 60 Sales budget 403,200 205.000 $22 $27 26,300 16,000 31,200 13,300 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 Direct labor time per unit Direct labor rate per hour Budgeted income statement: 2. 2 33,300 17.900 43.500 13,100 S2 S3 0.4 0.6 $ 12 $12 Total unit cost $ 12 S 22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $ 662000 for product JB 50 and $ 362000 for product JB 60, and administrative expenses of $ 542,000 for product JB 50 and $ 345,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income tas are expected to be 30% (a) Your Answer Correct Answer 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 403200 205000 Unit Selling Price 22.00 S 2700 Total Sales 8.870.400 5.335.000 14.405,400 e Textbook and Media Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2020 JB 50 JB 60 Expected Unit Sales 403200 20500C Add VI Desired Ending Finished Goods Unit 26300 1600C Total Required Units 429500 221000 Less V Beginning Finished Goods Units 31200 13300 Required Production unit 398300 207706 eTextbook and Media Attempts: 2 of 3 used ar DELEON INC. Direct Materials Budget For the Year Ending December 31, 2020 JB 50 JB 60 Units to be produced 393300 2077 Direct Materials per Unit 2 Total Pounds Needed for Production 796800 4150 Add Desired Ending Direct Materials (Pounds) 33300 179 Total Materials Required 829900 4333 Less V Beginning Finished Goods Units 43500 13100 Direct Materials Purchases 786400 4202 Cost per Pound 200 $ 31 Total Cost of Direct Materials Purchases $ 1.572.800 $ $ 1.260.0 e Textbook and Media Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 525) DELEON INC Direct Labor Budget For the Year Ending December 31, 2020 JB 50 JB 60 Units to be produced 398300 207700 Direct Labor Time (Hours) per Unit 0.6 0.6 Total Pounds Needed for Production 159320 124620 Direct Labor Cost per Hour $ 1200 $ 12.00 Total Direct Labor Cost $ 1,911,840 1.495.440 eTextbook and Media le) 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 Total > $ S Question 1 of 3 > e Textbook and Media Save for later Attempts: 0 of 3 used Sun Antwer