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The attached problem is what I've been having trouble with. Only need (c). Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets
The attached problem is what I've been having trouble with. Only need (c).
Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2014. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units Unit selling price 404,500 $21 204,700 $27 30,000 33,200 16,600 11,300 2 31,800 41,600 $3 3 18,800 13,600 $3 0.3 $10 0.5 $10 $13 $22 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 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $663,700 for product JB 50 and $364,800 for product JB 60, and administrative expenses of $541,300 for product JB 50 and $344,900 for product JB 60. Income taxes are expected to be 30%. (a) Your answer is correct. Prepare the sales budgets for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2014 JB 50 Expected unit sales JB 60 404500 Total 204700 $ $ Unit selling price 21 Total sales 27 $ $ $ 8494500 5526900 14021400 SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used (b) Your answer is partially correct. Try again. Prepare the production budgets for the year. DELEON INC. Production Budget For the Year Ending December 31, 2014 JB 50 Expected Unit Sales JB 60 401500 202600 29100 17500 430600 220100 34100 14900 396500 205200 Add : Desired Ending Finished Goods Units Total Required Units Less : Beginning Finished Goods Units Required Production Units SHOW ANSWER LINK TO TEXT Attempts: 3 of 3 used (c) Prepare the direct materials budgets for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2014 JB 50 JB 60 Total : : $ $ $ $ $Step by Step Solution
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