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 shown below Product Product JB 50 JB 60 Sales budget Anticipated volume in units Unit selling price 402,600 201,800 $23 $27 Production budget Desired ending finished goods units Beginning finished goods units 28,700 34,800 19,900 14,100 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 19,900 12,700 $3 34,800 43,300 $3 Direct labor budget Direct labor time per unit Direct labor rate per hour Budgeted income statement: 0.6 $12 $12 Total unit cost $12 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $661,000 for product JB 50 and $365,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $345,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30% Your answer is correct Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2020 Total JB 50 JB 60 402600 Expected Unit Sales 27 23 Unit Selling Price 4 9259800 5448600 14708400 Total Sales Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2020 JB 60 JB 50 Expected Unit Sales Add $T Desired Ending Finished Goods Units Total Required Units Less.Beginning Finished Goods Units 402,600 201,800 28700 19900 221700 431300 -34800 14100 396500 207600 Required Production Units Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget JB 60 Total JB 50