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P9-2A Deleon Inc. is preparing its annual

Price: $2.50


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


An accounting assistant has prepared the detailed manufacturing overhead budget
and the selling and administrative expense budget. The latter shows selling expenses of
$560,000 for product JB 50 and $360,000 for product JB 60, and administrative expenses
of $540,000 for product JB 50 and $340,000 for product JB 60. Income taxes are expected
to be 30%.

Instructions
Prepare the following budgets for the year. Show data for each product. Quarterly budgets
should not be prepared.

(a) Sales (d) Direct labor
(b) Production (e) Income statement (Note: Income taxes are not allocated to the products.)
(c) Direct materials

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