Question

Hello all I need help with HW (Section C) on the last picture with the red boxes please. Thank you for your time.

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 Product 18 50 JB 60 Sales budget: Anticipated volume in units Unit selling price 402,800203,900 523 $28 Production budoet: Desired ending finished goods units Beginning finished goods units 27,80019,000 34,900 13,600 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 32,10018,500 43,000 14,600 $3 $3 Direct labor budget: 0.4 $12 Cirect labor time per un 0.5 Direct labor rate per hour Budgeted income statemert Total ynit cost $14 Cost per pound Direct labor budget: $3 $3 Direct labor time per unit Direct labor rate per hour Budgeted income statement: 0.6 12 0.4 $12 Total unit cost $14 521 dy S43 oơ for product is 50-and S342 000 for product JB 60 Interest expense is $661,000 far product Je 50 and $365,000 for product J8 60, and administrative expenses of s $150,000 (not allocated to products). Income taxes are expected to be 30%. ▼ (a) 回Your answer is correct. Your answer is correct. Prepare the sales budget for the year DELEON INC Sales Budget For the Year Ending December 31, 201 B 50 B 60 Total Expected unit sales 402800 20390 23 28 Unit selling price 92 5709200 Total sales Click if you would like to Show Work for this question Your answer is correct. Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31 201 JB 50 JB 60 Expected Unit Sales 27900 Add Des-ed Ending Finished Goods Units Total Required Units Less Beginning Finished Goods Units Required Produ Click if you would like to Show Work for this question CALCULATOR FULL SCREEN PRINTER VERSION s Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2017 JB 50 JB 60 otal Units to be Produced 395700 209300 Direct Materials per Unit Total Pounds Needed for Production AddDesired Ending Direct pMaterials Beginning Direct Materials 791400 527900 32100 18500 Less Beginning Direct Materials 13000 4603 Total Required fotal Cost of Direet Haterats e here to search 3:54 A 4/14/20

Answer 1

Deleon Inc. Direct Material Budget JB 50 JB 60 Total Units to be produced MultiplyDirect material pounds per unit 395700 209300 Total pounds needed for production Desired Pounds in Ending Material Inv Total Direct Material Reguired Beginning direct material Direct material Purchases 791400 32100 823500 43000 780500 $ 3.0 627900 18500 646400 14600 631800 $ 3.0 Add Less Multiply Cost per pound Total cost of direct material purchases $2,341,500 $1,895,400 4,236,900 Total Direct material required = Total pounds needed for production + Desired Ending Material Direct Material Purchases: Total direct material required-Beginning direct material Total cost of direct material purchase = Direct material purchases x Cost Per Pound Total Total cost of Both products