Wildhorse Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 488,000 244,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 36,600 18,300 Beginning finished goods units 30,500 12,200 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 36,600 12,200 Beginning direct materials pounds 48,800 18,300 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $683,200 for product JB 50 and $439,200 for product JB 60, and administrative expenses of $658,800 for product JB 50 and $414,800 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. WILDHORSE INC. Direct Materials Budget For the Year Ending December 31, 2022 V JB 50 JB 60 Units to be Produced Direct Materials per Unit Total Pounds Needed for Production Add : Desired Ending Direct Materials (Pounds) Total Materials Required Less V: Beginning Direct Materials (Pounds) Direct Materials Purchases Cost per Pound $ Total Cost of Direct Materials Purchases $ $