Question

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		403,700		203,300
Unit selling price		$23		$28
Production budget:
Desired ending finished goods units		27,900		19,300
Beginning finished goods units		31,600		12,600
Direct materials budget:
Direct materials per unit (pounds)		2		3
Desired ending direct materials pounds		33,600		16,700
Beginning direct materials pounds		43,200		14,800
Cost per pound		$3		$4
Direct labor budget:
Direct labor time per unit		0.3		0.6
Direct labor rate per hour		$12		$12
Budgeted income statement:
Total unit cost		$14		$22

An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $662,000 for product JB 50 and $365,000 for product JB 60, and administrative expenses of $543,000 for product JB 50 and $342,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%.

Prepare the sales budget for the year.

DELEON INC. Sales Budget choose the accounting period                                                                      December 31, 2020For the Quarter Ending December 31, 2020For the Year Ending December 31, 2020
		JB 50		JB 60		Total
select an opening sales budget item                                                                      Direct LaborDirect MaterialsExpected Unit SalesProduction UnitsTotal SalesUnit Selling Price		enter a number of units		enter a number of units
select a sales budget item                                                                      Direct LaborDirect MaterialsExpected Unit SalesProduction UnitsTotal SalesUnit Selling Price		$enter a dollar amount		$enter a dollar amount
select a closing sales budget item                                                                      Direct LaborDirect MaterialsExpected Unit SalesProduction UnitsTotal SalesUnit Selling Price		$enter a total dollar amount		$enter a total dollar amount		$enter a total dollar amount

Answer 1

Sales budget

	JB 50	JB 60
Sales (unit)	403700	203300
Selling price	23	28
Total Sales revenue	9285100	5692400