Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total 398300 207700 Direct Labor Time per Unit 0.4 0.6 Total Required Direct Labor Hours 159320 124620 Direct Labor Cost per Hour 12 $ 12 Total Direct Labor Cost 1911840 1495440 $ 3407280 e Textbook and Media Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement JB 50 JB 60 Total Sales 2407280 1024000 887000 6175120 150000 6025120 1807536 Gross Profit 4217584 Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 403,200 205,000 $22 $27 26,300 31,200 16,000 13,300 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 22 33,300 17,900 43,500 13,100 $3 $2 0.4 $12 0.6 $12 $12 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $662,000 for product JB 50 and $362,000 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 taxes are expected to be 30%. Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2017 , JB 50 JB 60 Total Expected unit sales 403200 205000 Unit selling price $ 22 $ 27 Total sales $ 8870400 $ 5535000 14405400 eTextbook and Media Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2017 , JB 50 JB 60 Expected Unit Sales 403200 205000 Add 4 : Desired Ending Finished Goods Units 26300 16000 Total Required Units 429500 221000 Less : Beginning Finished Goods Units 31200 13300 Required Production Units 398300 207700 Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2017 , JB 50 JB 60 Total Expected Unit Sales e Textbook and Media