Sandhill Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 392,000 196,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 29,400 14,700 Beginning finished goods units 24,500 9,800 Direct materials budget: Direct materials per unit (pounds) 2 Desired ending direct materials pounds 29.400 9,800 Beginning direct materials pounds 39.200 14,700 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Budgeted income statement: