Please Solve With Explanation And Do Not Give Image Format Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products).................SSDELEON INC.Budgeted Income StatementFor the Year Ending December 31, 2022JB 50JB 60$Total Deleon Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shownbelow.Sales budget:Anticipated volume in unitsUnit selling priceProduction budget:Desired ending finished goods unitsBeginning finished goods unitsDirect materials budget:Direct materials per unit (pounds)Desired ending direct materials poundsBeginning direct materials poundsCost per poundDirect labor budget:Direct labor time per unitDirect labor rate per hourBudgeted income statement:Total unit costProductJB 50400,000$2030,00025,000230,00040,000$30.4$12$13ProductJB 60200,000$2515,00010,000310,00015,000$40.6$12$20

Given in the question: Sales Budget Anticipated Volume in units are as follows Product JB 50 =…

Answered: Prepare the budgeted mul le-step income…

Business

Accounting

Prepare the budgeted mul le-step income statement for the year. (Note: income taxes are not allocated to the products).

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

Problem 2PA: Sales, production, direct materials purchases, and direct labor cost budgets The budget director of...

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