selling expense was 662,000

Problem 9-2A (Part Level Submission) (Video) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 404,400 $22 201,000 $27 28,800 34,100 17,600 13,100 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 16,400 34,600 41,100 0.3 $10 0.6 $10 $13 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses product 8 50 and $365,000 for product 00, and administrative expenses or $545,000 for product 50 and $345,000 for product 1860. Interest expenses $150,00 products). Income taxes are expected to be 30% DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2020 JB 50 JB 60 Total 8896800 S427000 143223800 Cost of Goods Sold Cost of Goods Sold Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Interest Expense