Product JB 50 Product JB 60 JB 50 JB 60 Total SHOW ANSWER LINK TO TEXT LINK TO T

Question

Product
JB 50

Product
JB 60

JB 50

JB 60

Total

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LINK TO TEXT

LINK TO TEXT

JB 50

JB 60

SHOW ANSWER

LINK TO TEXT

LINK TO TEXT

JB 50

JB 60

Total

SHOW ANSWER

LINK TO TEXT

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JB 50

JB 60

Total

SHOW ANSWER

LINK TO TEXT

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JB 50

JB 60

Total

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 400,000 200,000     Unit selling price $20 $25 Production budget:     Desired ending finished goods units 30,000 15,000     Beginning finished goods units 25,000 10,000 Direct materials budget:     Direct materials per unit (pounds) 2 3     Desired ending direct materials pounds 30,000 10,000     Beginning direct materials pounds 40,000 15,000     Cost per pound $3 $4 Direct labor budget:     Direct labor time per unit 0.4 0.6     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 $560,000 for product JB 50 and $360,000 for product JB 60, and administrative expenses of $540,000 for product JB 50 and $340,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%.

Explanation / Answer

Deleon Inc sales budget

JB 50 JB 60 Total Expected unit sales 400,000 200,000 600,000 unit selling price $20 $25 $45 Total sales $8,000,000 $5,000,000 $130,000,000

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