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pls help and show work thank you Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the

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Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 402.300 $23 203,700 $27 28.100 34.100 18.100 12,500 3 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 Cost per pound Direct labor budget Direct labor time per unit Direct labor rate per hour Budgeted income statement Total unit cost 1 34.000 44,600 $3 18.500 13400 SS 06 0.4 $12 $12 $14 $22 An accounting assistant has prepared the detailed manufacturing awarend budget and the selling and administrative expense An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $661,000 for product JB 50 and $361,000 for product JB 60, and administrative expenses of $545,000 for product JB 50 and $344,000 for product JB 60. Interest expense is $150.000 (not allocated to products). Income taxes are expected to be 30%. Prepare the sales budget for the year. AL DELEON INC. Sales Budget Ac JB 50 JB 60 Total QU Ace $ $ $ $ $ Qu ACE Vie Acce Prepare the production budget for the year. QUE DELEON INC. Production Budget Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2020 December 31, 2020 For the Quarter Ending December 31, 2020 Total > $ > $ $ $ Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60 TA $ Direct Labor Direct Materials Expected Unit Sales Production Units Total Sales Un Selling Price Prepare the production budget for the year. Prepare the production budget for the year. DELEON INC. Production Budget For the Quarter Ending December 31, 2020 For the Year Ending December 31, 2020 December 31, 2020 JB 60 > > Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60 Total Cost of Direct Materials Purchases Cost per Pound Direct Labor Time per Unit Desired Ending Finished Goods Units Total Pounds Needed for Production Total Direct Labor Cost Beginning Direct Materials Direct Labor Cost per Hour Required Production Units Expected Unit Sales Direct Materials Purchases Total Required Units Direct Materials per Unit Total Materials Required Total Required Direct Labor Hours Desired Ending Direct Materials Beginning Finished Goods Units year. DELEON INC. Direct Materials Budget Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Quarter Ending December 31, 2020 December 31, 2020 For the Year Ending December 31, 2020 JB 60 > > $ > $ $ Question 7 of 8 - /1 Prepare the uret materiais budget or the year. DELEON INC. Direct Materials Budget JB 50 JB 60 Total $ $ $ $ Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 52.5.) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place eg. 52.5.) DELEON INC. Direct Labor Budget For the Quarter Ending December 31, 2020 December 31, 2020 For the Year Ending December 31, 2020 360 $ $ $ $ Prepare the budegeted multiple-step income statement for the year (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 52.5.) DELEON INC. Direct Labor Budget JB 50 JB 60 TO $ $ $ $ Direct Labor Time (Hours) per Unit Units to be produced Total Cost of Direct Materials Purchases Desired Ending Finished Goods Units Total Required Direct Labor Hours Direct Labor Cost per Hour Total Required Units Beginning Finished Goods Units Desired Ending Direct Materials Beginning Direct Materials Direct Materials Purchases Cost per Pound Total Materials Required Total Pounds Needed for Production Required Production Units Expected Unit Sales Total Direct Labor Cost Direct Materials per Unit statement for the year. (Note: income taxes are not allocated to the products) DELEON INC. Budgeted Income Statement Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement Total For the Quarter Ending December 31, 2020 December 31, 2020 For the Year Ending December 31, 2020 > > > > DELEON INC. Budgeted Income Statement JB 50 Total JB 60 $ Purchases Gross Profit Income from Operations Cost of Goods Sold Total Operating Expenses Selling Expenses Interest Expense Sales Administrative Expenses Beginning Inventory Income Tax Expense Income before Income Taxes Ending inventory Net Income (Loss) Operating Expenses $ $ > DELEON INC. Budgeted Income Statement JB 50 JB 60 Total $ > > $ $ > > > $

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