Question 8 of 15 View Policies Current Attempt in Progress Cullumber Inc is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB SO Product JB 60 401,100 $23 202,100 $27 26,100 31.800 19.800 14.200 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 2 33,800 41,000 $3 2 18,000 14,400 $3 0.4 0.6 $12 $12 $12 $22 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 B 50 and $363.000 for product B 60, and administrative expenses of $544,000 for product JB 50 and $343.000 for product JB 60. Interest expense is $150.000 (not allocated to products Income taxes are expected to be 30% Prepare the sales budget for the year. CULLUMBER INC. Sales Budget For the Year Ending December 31, 2020 JB 50 JB 60 Tota S $ Prepare the sales budget for the year. CULLUMBER INC. Sales Budget For the Year Ending December 31, 2020 JB 50 JB 60 Total $ e Textbook and Media Prepare the production budget for the year. CULLUMBER INC. Production Budget JB 50 JB 60 e Textbook and Media Prepare the direct materials budget for the year CULLUMBER INC. Question 8 of 15 -/1 Prepare the direct materials budget for the year. CULLUMBER INC. Direct Materials Budget JB 50 JB 60 e Textbook and Media Prepare the direct labor budget for the year. (Round Direct lobortime per unit answers to 1 decimal place es 52.5) CULLUMBER INC. Direct Labor Budget 1850 30 60 it e Textbook and Media Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 52,5) CULLUMBER INC. Direct Labor Budget JB 50 JB 60 V v 5 $ $ 5 e Textbook and Media Prepare the budgeted multiple step income statement for the year. (Note: income taxes are not allocated to the products) CULLUMBER INC. Budgeted Income Statement JB 50 B 60 Total 5 3 > O Prepare the budegeted multiple step income statement for the year. (Note: income taxes are not allocated to the products). CULLUMBER INC. Budgeted Income Statement UB 50 JB 60 Total > > >> > S eTectbook and Media Last saved 15 minutes ago Saved work will be auto submitted on the due date Attempts of 3 used Submit An
