Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 456,000 228,000 Unit selling price $25 $30 Production budget: Desired ending finished goods units 34,200 17,100 Beginning finished goods units 28,500 11,400 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 34,200 11,400 Beginning direct materials pounds 45,600 17,100 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $638,400 for product JB 50 and $410,400 for product JB 60, and administrative expenses of $615,600 for product JB 50 and $387,600 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. SHERIDAN INC. Direct Materials Budget > > JB 50 > $ JB 60 $ A SA $ A +A