Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2014. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 404,700 203,200 Unit selling price $21 $28 Production budget: Desired ending finished goods units 28,100 17,800 Beginning finished goods units 31,300 11,300 Direct materials budget: Direct materials per unit (pounds) 2 2 Desired ending direct materials pounds 34,000 16,700 Beginning direct materials pounds 43,200 14,800 Cost per pound $2 $4 Direct labor budget: Direct labor time per unit 0.4 0.5 Direct labor rate per hour $11 $11 Budgeted income statement: Total unit cost $13 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $664,400 for product JB 50 and $362,500 for product JB 60, and administrative expenses of $542,000 for product JB 50 and $341,100 for product JB 60. Income taxes are expected to be 30%. Collapse question part (a) Correct answer. Your answer is correct. Prepare the sales budgets for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2014 JB 50 JB 60 Total Expected unit sales Entry field with correct answer 404,700 Entry field with correct answer 203,200 Unit selling price $Entry field with correct answer 21 $Entry field with correct answer 28 Total sales $Entry field with correct answer 8,498,700 $Entry field with correct answer 5,689,600 $Entry field with correct answer 14,188,300 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used Collapse question part (b) Correct answer. Your answer is correct. Prepare the production budgets for the year. DELEON INC. Production Budget For the Year Ending December 31, 2014 JB 50 JB 60 Entry field with correct answer Entry field with correct answer 404,700 Entry field with correct answer 203,200 Entry field with correct answer: Entry field with correct answer Entry field with correct answer 28,100 Entry field with correct answer 17,800 Entry field with correct answer Entry field with correct answer 432,800 Entry field with correct answer 221,000 Entry field with correct answer: Entry field with correct answer Entry field with correct answer 31,300 Entry field with correct answer 11,300 Entry field with correct answer Entry field with correct answer 401,500 Entry field with correct answer 209,700 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used Collapse question part (c) Partially correct answer. Your answer is partially correct. Try again. Prepare the direct materials budgets for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2014 JB 50 JB 60 Total Entry field with correct answer Entry field with incorrect answer 404,700 Entry field with incorrect answer 203,200 Entry field with correct answer Entry field with correct answer 2 Entry field with correct answer 2 Entry field with correct answer Entry field with incorrect answer 809,400 Entry field with incorrect answer 406,400 Entry field with correct answer: Entry field with correct answer Entry field with correct answer 34,000 Entry field with correct answer 16,700 Entry field with correct answer Entry field with incorrect answer 843,400 Entry field with incorrect answer 423,100 Entry field with correct answer: Entry field with correct answer Entry field with incorrect answer 43,000 Entry field with correct answer 14,800 Entry field with correct answer Entry field with incorrect answer 800,400 Entry field with incorrect answer 423,100 Entry field with correct answer $Entry field with correct answer 2 $Entry field with correct answer 4 Entry field with correct answer $Entry field with incorrect answer 1,600,800 $Entry field with incorrect answer 1,692,400 $Entry field with incorrect answer 3,293,200 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER