Problem 232A Part Level Submission Deleon Inc is preparing i

Problem 23-2A (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 Product Sales budget: 402,700 202,500 Anticipated volume in units Unit selling price $22 Production budget: Desired ending finished goods units Beginning finished goods units 28,30019,800 33,300 14,300 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 33,400 $3 0.3 3 18,500 11,200 $3 41,1001 Direct labor budget: Direct labor time per unit Direct labor rate per hour 0.5 $12 $12 Budgeted income statement: Total unit cost $13 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $661,200 for product JB 50 and $363,500 for product JB 60, and administrative expenses of $543,200 for product B 50 and $342,100 for product JB 60. Income taxes are expected to be 30%. LINK TO TEXT LINK TO TEXT Prepare the sales budgets for the year. DELEON INC Sales Budget For the Year Ending December 31, 2014 B 50 B 60 Expected unit sales Unit selling price Total sales Click if you would like to Show Work for this question: Spen Show Work

Solution

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Sales Budget
	JB50	JB60	Total
Expected Unit Sales	402,700	202,500
Unit Selling price	22	27
Total Sales	8,859,400	5,467,500	14,326,900