Prepare the production budget for the year. SWIFTY INC. Production Budget JB 50 JB 60 Swifty Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 328,000 164,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 24,600 12,300 Beginning finished goods units 20,500 8,200 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 24,600 8,200 Beginning direct materials pounds 32,800 12,300. 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 budget. The latter shows selling expenses of $459,200 for product JB 50 and $295,200 for product JB 60, and administrative expenses of $442,800 for product JB 50 and $278,800 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%