Problem 24-02A a-e (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 403,200 203,300 Unit selling price $23 $28 Production budget: Desired ending finished goods units 28,000 17,000 Beginning finished goods units 33,500 12,100 Direct materials budget: Direct materials per unit (pounds) 2 Desired ending direct materials poundsh 33,100 16,400 Beginning direct materials pounds 44,900 14,900 Cost per pound $3 $4 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 $14 $22 1 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expens $362,000 for product B 60, and administrative expenses of $545,000 for product 18 50 and $344,000 for product B 60. In 30% doet and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and duct 15.50 and $344,000 for product 8 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be (a) Your answer is correct. Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2020 JB 50 JB 60 Total Expected Unit Sales 403200 203300 7 Unit Selling Price 23 28 Total Sales 9273600 5692400 14966000 SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) Prepare the production budget for the year. DELEON INC. Production Budget JB 50 JB 60