Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 404,800 203,400 Unit selling price $22 $27 Production budget: Desired ending finished goods units 29,200 18,100 Beginning finished goods units 33,700 11,400 Direct materials budget: Direct materials per unit (pounds) 1 3 Desired ending direct materials pounds 33,600 18,600 Beginning direct materials pounds 41,000 11,300 Cost per pound $3 $3 Direct labor budget: Direct labor time per unit 0.3 0.6 Direct labor rate per hour $11 $11 Budgeted income statement: Total unit cost $12 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $664,000 for product JB 50 and $363,000 for product JB 60, and administrative expenses of $542,000 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%. (a) Your answer is correct. Prepare the sales budget for the year. DELEON INC. Sales Budget JB 50 JB 60 Total Expected unit sales Unit selling price $ $ Total sales $ $ $ Click if you would like to Show Work for this question: Open Show Work Show Answer Link to Text Link to Text Attempts: 1 of 3 used (b) Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60 : :