Problem 23-2a deleon inc._budgets | Accounting homework help

Problem 23-2A

Deleon Inc. is preparing its annual budgets for the year ending December 31, 2014. Accounting assistants furnish the data shown below.

	Product JB 50	Product JB 60
Sales budget:
Anticipated volume in units	401,300	200,000
Unit selling price	$18.00	$23.00
Production budget:
Desired ending finished goods units	26,300	16,700
Beginning finished goods units	34,900	12,500
Direct materials budget:
Direct materials per unit (pounds)	3	4
Desired ending direct materials pounds	27,800	18,000
Beginning direct materials pounds	39,300	12,500
Cost per pound	$2	$3
Direct labor budget:
Direct labor time per unit	0.3	0.6
Direct labor rate per hour	$10	$10
Budgeted income statement:
Total unit cost	$10	$19

An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $657,400 for product JB 50 and $356,900 for product JB 60, and administrative expenses of $535,100 for product JB 50 and $335,700 for product JB 60. Income taxes are expected to be 20%.

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Problem 23-2a deleon inc._budgets | Accounting homework help

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