* Question 1 Riverbed Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 402,330 201,200 Unit sailing price $22 $27 Production budget: Desired ending finished goods units 27,700 19,300 Beginning finished goods units 31,800 11,100 Direct materials budget: Direct materials per unit (pounds) 3 3 Desired ending direct materials pounds 34,700 19,900 Beginning direct materials pounds 44,900 14,700 Cost per pound $3 $3 Direct labor budget: Direct labor tire per unit 0.3 0.0 Direct labor rate per hour $12 $12 Budgeted Income statement: Total unit cost $13 $22 1 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $662,000 for product JB 50 and $363,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $343,000 for product 1860. Interest expense is $150,000 (nat allocated to products). Income taxes are expected to be 30% * Question 1 Your answer is correct. Prepare the sales budget for the year. RIVERBEDINO Sales Budget or the Year Ending December 31, 2017 JB 50 JB 60 Total Expected unit sales T402500) 201200 Unit selling price 22 $22 Tatal sales 1432400 14287400 318855000 Attempts: 2 of 10 used Question 1 Your answer is correct. Prepare the production budget for the year. RIVERBED INC Traduction hudget For the Year Ending December 31, 2017 3B 50 JB 60 Expected Unit Sales 402500 201200 Add Desired Encing Finished Goods Units 127,700 119,300 Total Required Units 93020020500 Less Beginning Finished Goods Units 731,800 111,100 Required Production Units 1398400 209400 Attempts: 9 of 10 used * Question 1 Prepare the direct materials budget for the year. RIVERBED INC Direct Materials udget JB 50 JB 60 Total Attempts: 0 of 10 used