DELEON INC. | |||
Sales Budget | |||
For the Year Ending December 31, 2020 | |||
JB 50 | JB 60 | Total | |
Expected unit sales | 403,400 | 201,800 | |
Unit selling price | $22 | $27 | |
Total sales [Expected unit sales x Unit selling price] | $8,874,800 | $5,448,600 | $14,323,400 |
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DELEON INC. | ||
Production Budget | ||
For the Year Ending December 31, 2020 | ||
JB 50 | JB 60 | |
Expected unit sales | 403,400 | 201,800 |
Add: Desired Ending Finished Goods Units | 27,500 | 17,200 |
Total Required Units | 430,900 | 219,000 |
Less: Beginning Finished Goods Units | 32,800 | 13,800 |
Required Production Units | 398,100 | 205,200 |
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DELEON INC. | |||
Direct Material Budget | |||
For the Year Ending December 31, 2020 | |||
JB 50 | JB 60 | Total | |
Units to be produced [Refer production budget] (a) | 398,100 | 205,200 | |
Direct Materials per Unit (In pounds) (b) | 2 | 3 | |
Total Pounds Needed for Production (a x b) | 796,200 | 615,600 | |
Add: Desired Ending Direct Materials (pounds) | 31,100 | 17,800 | |
Total Materials Required | 827,300 | 633,400 | |
Less: Beginning Direct Materials (pounds) | 42,600 | 12,000 | |
Direct Materials Purchases (c) | 784,700 | 621,400 | |
Cost per Pound (d) | $2 | $3 | |
Total Cost of Direct Materials Purchases (c x d) | $1,569,400 | $1,864,200 | $3,433,600 |
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Problem 22-02A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020....
Problem 22-02A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 403,400 $22 201,800 $27 27,500 32,800 17,200 13,800 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) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget:...
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. 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. $21 Production budget: Desired ending finished goods units 26,700 19.700 Beginning finished goods units 32,500 11.4 Direct materials budget: 2 Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 34,300 44,300 Direct labor...
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 403,200 203,300 $23 $28 28,000 33,500 17,000 12,100 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) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor...
Problem 21-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Problem 21-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 60 Product JВ 50 Sales budget: Anticipated volume in units 403,200 205,000 Unit selling price $22 $27 Production budget: Desired ending finished goods units 26,300 16,000 Beginning finished goods units 31,200 13,300...
Problem 21-2A (Part Level Submission) 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 403,400 201,800 Unit selling price $22 $27 Production budget: Desired ending finished goods units 27,500 17,200 Beginning finished goods units 32,800 13,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 31,100 17,800 Beginning direct materials...
Problem 21-2A 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 60 204,600 404,400 $21 $27 27,900 34,100 16,900 13,400 2 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) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor...
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 402,800 203,900 $23 $28 27,800 34,900 19,000 13,600 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) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor...
Problem 22-02A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the ssignment page below. Product JB 50 Product JB 60 400,000 200,000 $25 $20 30,000 25,000 15,000 10,000 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) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound...
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 403,200 204,100 Unit selling price $23 $27 Production budget: Desired ending finished goods units 29,300 17,800 Beginning finished goods units 34,400 11,900 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 32,300 17,300 Beginning direct materials pounds 41,300 14,300 Cost per...
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 402,300 201,600 Unit selling price $23 $28 Production budget: Desired ending finished goods units 27,300 19,500 Beginning finished goods units 31,300 11,800 Direct materials budget: Direct materials per unit (pounds) 2 2 Desired ending direct materials pounds 32,700 19,500 Beginning direct materials pounds 41,500 12,400 Cost per...