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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 expenise budget. The latter shows selling expenses of $716,800 for product JB50 and $460,800 for product JB60, and administrative expenses of $691,200 for product JB 50 and $435,200 for product J60. Interest expense is $150,000 (not aliocated to products). Income taxes are expected to be 20%. Prepare the direct materials budget for the year
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