23-2a.png - Problem 23-2A Deleon Inc is preparing its...

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Unformatted text preview: Problem 23-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 201?. Accounting assistants furnish the data shown below. Product Product 13 50 JD 60 Sales budget: Anticipated volume in units 404,800 203,400 Unit selling price $22 $27 Production budget: Desired ending finished goods units 29,200 18,100 Beginning finished goods units 33,?00 11,400 Direct materials budget: Direct materials per unit (pounds) 1 3 Desired ending direct materials pounds 33,600 18,600 Beginning direct materials pounds 41,000 11,300 Cost per pound $3 $3 Direct labor budget: Direct labor time per unit 0.3 0.6 Direct labor rate per hour $11 $1 1 Budgeted income statement: Total unit cost $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 $664,000 For produm 13 50 and $363,000 for product JB 60, and administrative expenses of $542,000 for product )5 50 and $344,000 for product )3 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 50%. ...
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  • Fall '09
  • Expense, $12, $21, $11, $1 1

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