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Question - Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below.
Product JB 50
Product JB 60
Sales budget:
Anticipated volume in units
403,200
203,400
Unit selling price
$22
$28
Production budget:
Desired ending finished goods units
26,700
19,700
Beginning finished goods units
32,500
11,400
Direct materials budget:
Direct materials per unit (pounds)
2
Desired ending direct materials pounds
34,300
19,500
Beginning direct materials pounds
44,300
11,200
Cost per pound
$3
Direct labor budget:
Direct labor time per unit
0.4
0.6
Direct labor rate per hour
$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 $663,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $542,000 for product JB 50 and $341,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%.
Prepare the sales budget for the year for JB50 and JB60.
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