Sunland Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 376.000 188,000 Unit selling price $ 25 $ 30 Production budget: Desired ending finished goods units 28,200 14,100 Beginning finished goods units 23,500 9,400 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 28,200 9,400 Beginning direct materials pounds 37,600 14,100 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor time per unit 0.4 0.6 Direct labor rate per hour $ 12 $ 12 Budgeted income statement: a 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 $ 526,400 for product JB 50 and $ 338,400 for product JB 60, and administrative expenses of $ 507,600 for product JB 50 and $319,600 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. (a) Your answer is correct. Prepare the sales budget for the year. SUNLAND INC. Sales Budget For the Year Ending December 31, 2022 JB 50 JB 60 Total Expected Unit Sales 376,000 188,000 Unit Selling Price $ 25 $ $ 30 Total Sales $ 9.400,000 $ 5,640,000 $ 15,040,000 e Textbook and Media (b) Your answer is correct Prepare the production budget for the year. SUNLAND INC. Production Budget For the Year Ending December 31, 2022 JB 50 JB 60 Expected Unit Sales 376,000 188,000 Add Desired Ending Finished Goods Units 28,200 14.100 Total Required Units 404,200 202.100 Less Beginning Finished Goods Units 23,500 9.400 Required Production Units 380 700 192.700 Prepare the direct materials budget for the year. SUNLAND INC. Direct Materials Budget For the Year Ending December 31, 2022 JB 50 JB 60 Units to be Produced 427.700 211.500 Direct Materials per Unit 2 3 Total Pounds Needed for Production 855,400 634,500 Add Desired Ending Direct Materials (Pounds) 28,200 9.400 Total Cost of Direct Materials Purchases 883.600 643.900 Less Beginning Direct Materials (Pounds) 37,600 14,100 Direct Materials per Unit 846,000 629.800 Cost per Pound 3 $ 4 Total Cost of Direct Materials Purchases 845.997 $ 629,796 -ch O For the Year Ending December 31, 2022 JB 50 JB 60 Total 427,700 211,500 2 3 855,400 634,500 ds) 28,200 9,400 883,600 643,900 37,600 14,100 846,000 629,800 $ $ 4 $ 845,997 $ 629,796 $ $ con Direct Materials Purchases Med Cost per Pound b17c7-6b35-427e-5386-be27095737418/question/5 Research Login 121 Imported For the Year Ending December 31 JB 50 Direct Labor Cost per Hour For Total Required Direct Labor Hours Beginning Direct Materials (Pounds) Jes Beginning Finished Goods Units Direct Labor Time per Unit Total Required Units Expected Unit Sales Total Cost of Direct Materials Purchases Total Materials Required Units to be produced Desired Ending Finished Goods Units Desired Ending Direct Materials (Pounds) Total Pounds Needed for Production Total Direct Labor Cost 427,700 2 855,400 bunds) 28,200 Direct Materials per Unit Total Cost of Direct Materials Purchases 883.600 Less: Beginning Direct Materials (Pounds) 37,600 Direct Materials per Unit 846,000 Cost per Pound $ 3 Total Cost of Direct Materials Purchases 845,997 e Textbook and Media Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement JB 50 JB 60 Total