Sheridan 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 456,000 228.000 $20 $ 25 34,200 17,100 28,500 11,400 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: 2 3 34 200 11,400 45.600 17.100 $3 $4 0.40 0.60 Direct labor time per unit $ 12 $ 12 Direct labor rate per hour Budeeted income statement: Total unit cost 513 $ 20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget The latter shows selling expenses of $ 638,400 for product 38 50 and $ 410,400 for product JB 60 and administrative expenses of 615,600 for product JB 50 and $ 387,600 for product JB 60. Interest expense is $150,000 (not allocated to products, income taxes are expected to be 20% (a) Prepare the sales but for the year SHERIDAN INC. Sales Budget JUSO JB 60 Total $ $ eTextbook and Media Attempts of Sused Submit Safortate (b) b Prepare the production budget for the SHERIDAN INC. Production Budget 13 50 60 eTextbook and Media Alam ./12 TH (c) Prepare the direct materials budget for the year SHERIDAN INC. Direct Materials Budget JB 50 30 60 e Textbook and Media (c) Prepare the direct materials budget for the year SHERIDAN INC. Direct Materials Budget 1850 060 Total 5 $ e Textbook and Media Attempts of used Submit Arms Save for later 5 Prepare the direct labor det for the year and Direct lobortimeperunt armers to 1 decimal places 52.5) SHERIDAN INC. Direct Labor Budget JA SO 60 eTextbook and Media Attempts of Swed SA Save for Later (d) Prepare the director for the end oorwer 1.25) SHERIDAN INC. Direct Labor Budget 10 Total e Textbook and Media Art of SA Save for Lare (e. Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). SHERIDAN INC. Budgeted Income Statement JB 50 JB 60 Total > >