Swifty Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 402,100 $23 204,400 $27 29,900 33,300 18,100 14,600 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 1 31,100 42,500 $2 2 16,700 12,000 $4 0.3 0.6 $12 $12 $13 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $664,000 for product B 50 and $365,000 for product JB 60, and administrative expenses of $545,000 for product JB 50 and $345,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. Prepare the sales budget for the year. SWIFTY INC. Sales Budget JB 50 JB 60 Total Expected unit sales Prepare the sales budget for the year. SWIFTY INC. Sales Budget JB 50 JB 60 Total Expected unit sales Unit selling price Total sales LINK TO TEXT LINK TO TEXT Prepare the production budget for the year. SWIFTY INC. Production Budget JB 50 JB 60 LINK TO TEXT LINK TO TEXT Prepare the direct materials budget for the year. SWIFTY INC. Direct Materials Budget JB 50 JB 60 Total MO LINK TO TEXT LINK TO TEXT Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) SWIFTY INC. Direct Labor Budget Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g, 52.7.) SWIFTY INC. Direct Labor Budget JB 50 JB 60 Total V LINK TO TEXT LINK TO TEXT Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products), SWIFTY INC. Budgeted Income Statement JB 50 JB 60 Total ta Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). SWIFTY INC. Budgeted Income Statement JB 50 JB 60 Total $ LINK TO TEXT LINK TO TEXT