Problem 22-02A a-e (Vidco) (Part Level Submission) Cu lumber Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below, Product Product Sales budgct: Antiopated volume in units Unit selling price 401,100 202,100 S27 $23 Production budget: Desired ending finished goods units Beginning fiished gocds units 26,100 31,800 19,800 14.200 Direct materials budgert Direct materials per unit (pcurids) Desired ending direct matenals pounds Beginning direct materias pounds Cost par pound 33,800 1,000 1 $3 18,000 14,400 $3 Direct labar budget: 0.6 Direct labor time per unit Direct labor rate per hour Budgeted income statement: 512 $12 Total unit cost $12 S22 A accounting assistant has prepared the detalc me nu cturing overhead budget and e se ing and administrative expense udge The latter shows seling expenses o $662,000 or product J50 and $363,000 or product JB 60, and adminstrative expenses of $544,000 for product B 50 and $343,000 for product B 60. Interest expense is s 150,000 (not allocated to products). Income taxes are expected to be 30%. CULLUMBER INC. Direct Materials Budget For the Year Ending December 31, 2020 JB 50 JB 60 Total Units to be Produced 395400 207700 Direct Materials per Unit Total Pounds Needed for Production 7,90,800 4,15,400 Add | Desired Ending Direct Materials (Pounds) Total Materials Required Less Beginning Direct Materials (Pounds) Direct Materials Purchases Cost per Pound Total Cost of Direct Materials PurchasesY Click if you would like to Show Work for this question: Open Show Work