Vaughn 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 392,000 196,000 Unit selling price $30 $35 Production budget: Desired ending finished goods units 29,400 14,700 Beginning finished goods units 24,500 9,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 29,400 9,800 Beginning direct materials pounds 39,200 14,700 Cost per pound 33 $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 520 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $548,800 for product JB 50 and $352,800 for product JB 60, and administrative expenses of $529,200 for product JB 50 and $333,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%.