Please do not give solution in image format thanku Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shownbelow.Sales budget:Anticipated volume in unitsUnit selling priceProduction budget:Desired ending finished goods unitsBeginning finished goods unitsDirect materials budget:Direct materials per unit (pounds)Desired ending direct materials poundsBeginning direct materials poundsCost per poundDirect labor budget:Direct labor time per unitDirect labor rate per hourBudgeted income statement:Total unit costProductJB 50403,200$2329,30034,400232,30041,300$30.3$12$12ProductJB 60204, 100$2717,80011,90017,30014,300$30.6$12$214An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget.The latter shows selling expenses of $665,000 for product JB 50 and $361.000 for product JB 60, and administrative expenses of$541,000 for product JB 50 and $344,000 for product JB 60 Interest expense is $150,000 (not allocated to products). Income taxesare expected to be 30% (b)Prepare the production budget for the year.eTextbook and MediaSave for LaterDELEON INC.Production BudgetJB 50JB 60Attempts: 0 of 2 usedSubmit Answer

Production Budget -Production Budget is a part of the budgeting technique. Under this schedule on…

Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below Sales budget Anticipated volume in units Unit selling price Production budget Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Destred ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget Direct labor time per unit Direct labor rate per hour Budgeted income statement. Total unit cost Product JB 50 403,200 $23 29,300 34,400 $3 0.3 $12 Product JB 60 $12 204.100 32.300 17,300 41,300 14,300 $3 $27 17,800 11,900 06 $12 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and $361.000 for product JB 60, and administrative expenses of $541,000 for product JB 50 and $344,000 for product JB 60 Interest expense is $150.000 (not allocated to products). Income takes are expected to be 30%

Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below Sales budget Anticipated volume in units Unit selling price Production budget Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Destred ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget Direct labor time per unit Direct labor rate per hour Budgeted income statement. Total unit cost Product JB 50 403,200 $23 29,300 34,400 $3 0.3 $12 Product JB 60 $12 204.100 32.300 17,300 41,300 14,300 $3 $27 17,800 11,900 06 $12 $21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and $361.000 for product JB 60, and administrative expenses of $541,000 for product JB 50 and $344,000 for product JB 60 Interest expense is $150.000 (not allocated to products). Income takes are expected to be 30%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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