Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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 B 50 JB 60 Sales budget Anticipated volume in units Unit selling price 404,900 201,000 $22 $28 Production budget: Desired ending finished goods units Beginning finished goods units 29,800 32,200 19,900 11,500 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 32,100 43,100 53 18,400 14,300 $4 Direct labor budget Direct labor time per unit Direct labor rate per hour 0.4 0.6 $11 Budgeted income statement $21 Total unit cost $12 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 and $361,000 for product JB 60, and administrative expenses of $543,000 for product JB 50 and $341,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 3096 Prepare the sales budget for the year. DELEON INC Sales Budget Total JB 50 B 60

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions