Problem 21-2A (Part Level Submission) Deleon Inc. is prepering its anual budgets

Question

Problem 21-2A (Part Level Submission) Deleon Inc. is prepering its anual budgets for the year endg Decernber 31, 2017. Accountino assistanits furriish the data shown below Product Product Salas budpst: Anticipatod volume in units 02,00211,zcia $27 Unit selling pric $22 Production budgst: Desired cnding finished goods units Beginning finished goods units 27,00 19,300 31,0 11,100 Cirect materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 34,00 18, 44,00 14, $3 Direct labor budgct: Direct labor time per unit Direct labor rate per hour Budacted income statement: 0.3 0.6 $12 $12 Tatal unit cost $13 $22 An accounting assistant has prepared the detailed manufactunng overhead budget and the selling and administrative expense bud et. The latter shows selling expenses of $662,000 or product 50 and $363,000 for product JB 60, and administrative expenses of 544,000 for product 50 and $343,000 for product 1B G0. Interest expense is $15D,0DD (not allocated ho products). Income taxes are expected to he 30%

Explanation / Answer

Sales Budget For the year ended December 31,2017 JB 50 JB 60 Total Expected unit sales 402500 201200 Unit selling price 22 27 Total sales 8855000 5432400 14287400

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