Show Attempt History Current Attempt in Progress Sheridan Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following Product JB 50 Product 38 60 220.000 456.000 520 $25 Sales budget Anticipated volume in units Unit selling price Production budget Desired ending finished goods units Beginning finished goods units Direct materials budget 54.200 17.100 28.500 11.400 2 3 34 200 11,400 Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materiais pounds Cost per pound Direct labor budget 45.600 17.100 53 $4 Direct labor time per unit 0.40 060 Direct labor rate per hour $12 $12 Budgeted income statement Total unit cost $13 $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 B 50 and 5410,400 for product 860 and administrative expenses of $615.600 for product JB 50 and $387,600 for product B 60 Interest expense is $150.000 not allocated to productsincome taxes are expected to be 20%. (d) Prepare the direct labore buceat for the year, Honductore per units to declares 525) SHERIDWN INC Direct Labor Budget JB 50 B60 > $ 9 Textbook and Media At of used SA Prepare the director budget for the year. Reception 125 SHERIDAN INC. Direct Labor Budget 1890 JO Total 3 V le) Prepare the budgeted multiple-stepincome statement for the year. Incomearent cated to the product SHERIDAN INC. Budgeted Income Statement 3050 J3 60 Total >