Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 472.000 236.000 Unit selling price $30 $35 Production budget: Desired ending finished goods units 35.400 17,700 Beginning finished goods units 29,500 11.800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 35,400 11,800 Beginning direct materials pounds 47,200 17,700 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 $660,800 for product JB 50 and $424,800 for product JB 60, and administrative expenses of $637,200 for product JB 50 and $401,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. (a) Prepare the sales budget for the year. CORONADO INC. Sales Budget JB 50 JB 60 Total $ $ $ $

Answer rating: 100% (QA)

The Answer is in the image, click to view ... View the full answer