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 60 404,400 $23 202,600 $28 27,300 34,700 19,000 13,000 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 34,200 44,400 2 19,400 12,000 $3 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling exe of $663,000 for product B 50 and $361,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $343,000 for product JB 60. Intere 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 For the Year Ending December 31, 2017 Total Expected unit sales 202600 Unit selling price Total sales 9301200 14974000 Click if you would like to show Work for this question: Open Show Work Your answer is correct. 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 404400 202600 Desired Ending Finished Goods Units 19000 Total Required Units 221600 Beginning Finished Goods Units 13000 Required Production Units 397000 208600 Click if you would like to Show Work for this question: Open Show Work SHOW ANSWER DELEON INC. Direct Materials Budget For the Year Ending December 31, 2017 JB 50 J B 60 Total Units to be produced 397000 208600 Direct Materials per Unit Total Pounds Needed for Production 794000 417200 Desired Ending Direct Materials 34200 19400 Total Materials Required 828200 436600 Less Beginning Direct Materials 44400 12000 Direct Materials Purchases 783800 424600 Cost per Pound Total Cost of Direct Materials Purchases 2351400 12738001 3 6252001 Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52 DELEON INC. Direct Labor Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Units to be produced 397000 208600 Direct Labor Time per Unit Total Required Direct Labor Hours 1588001 - 125160 Direct Labor Cost per Hour s Total Direct Labor Cost 1588000 1251600 2839600 Click if you would like to Show Work for this question: Open Show Work ve 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 Click if you would like to Show Work for this question: Open Show Work