Product JB 50 Product JB 60 404,400 $21 204,600 $27 27,900 34,100 16,900 13,400 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 1 2 32,900 43,900 $2 18,100 11,100 $4 0.3 0.6 $11 $11 $13 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $664,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $542,000 for product JB 50 and $344,000 for product JB 60, Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. SHERIDAN INC. Direct Materials Budget JB 50 JB 60 $ > > >