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 Product JB 50 B 60 Sales budget: Anticipated volume in units 403,900 201,200 Unit selling price Production budget $23 $%28 Desired ending finished goods units 26,400 16,700 Beginning finished goods 32,900 12,600 units Direct materials budget Direct materials per unit (pounds) Desired ending direct materials pounds 33,900 18,900 Beginning direct materials pounds 42,700 11,000 Cost per pound Direct labor budget: $2 Direct labor time per unit 0.4 0.6 Direct labor rate per hour $11 $11 Budgeted income statement: Total unit cost $14 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and363,000 for product JB 60, and administrative expenses of $544,000 for productJB 50 and 341,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%