Swifty 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 60 328,000 $20 164.000 $25 24.600 20.500 12,300 8.200 3 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 2 24,600 32.800 $3 8.200 12,300 $4 0.4 0.6 $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 $459,200 for product JB 50 and $295.200 for product JB 60, and administrative expenses of $442,800 for product JB 50 and $278,800 for product JB 60. Interest expense is $150,000 (not allocated to products) Income taxes are expected to be 20% Income taxes are expected to be 20%. Prepare the sales budget for the year. SWIFTY INC. Sales Budget JB 50 JB 60 Total C > $ 1 $ $ $ e Textbook and Media Prepare the production budget for the year. SWIFTY INC. Prepare the production budget for the year. SWIFTY INC. Production Budget JB 50 JB 60 > e Textbook and Media Prepare the direct materials budget for the year. SWIFTY INC. Direct Materials Budoet Prepare the direct materials budget for the year. SWIFTY INC. Direct Materials Budget JB 50 JB 60 $ $ $ $ e Textbook and Media Prepare the budegeted multiple-step income statement for the year. (Note income taxes are not allocated to the products). SWIFTY INC. Budgeted Income Statement SWIFTY INC. Budgeted Income Statement JB 50 JB 60 Total 5 C $ so