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Waterway Inc. is preparing its annual budgets for the year ending December 31,2022 . Accounting assistants furnish the data shown below. An accounting assistant has
Waterway Inc. is preparing its annual budgets for the year ending December 31,2022 . Accounting assistants furnish the data shown below. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $716,800 for product J50 and $460,800 for product J60, and administrative expenses of $691,200 for product J850 and $435,200 for product JB60. Interest expense is $150,000 (not allocated to products) Income taxes are expected to be 20%. Prepare the sales budget for the year Prepare the production budget for the year. Prepare the direct materials budget for the year. Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal ploce, es. 52.5.)
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