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 60 376,000 188,000 $25 $30 28,200 14,100 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 23,500 9.400 2 3 28,200 9,400 37,600 14,100 $3 $4 Cost per pound $3 $4 0.4 0.6 Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost $12 $12 $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%. Tour 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 376000 188000 Unit Selling Price 25 $ 30 9,400,000 Total Sales $ 5640000 15.040,000 e Textbook and Media . Prepare the production budget for the year. SUNLAND INC. Production Budget For the Year Ending December 31, 2022 JB 60 JB 50 188000 376000 Expected Unit Sales 28,200 14,100 Add v Desired Ending Finished Goods Units 404,200 202,100 Total Required Units 9400 23,500 Less : Beginning Finished Goods Units 380,700 192.700 Required Production Units JB 50 Units to be Produced Direct Materials per Unit Total Pounds Needed for Production Add : Desired Ending Direct Materials (Pounds) Total Cost of Direct Materials Purchases Less w Beginning Direct Materials (Pounds) Direct Materials per Unit $ $ Cost per Pound $ $ Total Cost of Direct Materials Purchases $