I just need help with the boxes in red on last photo Problem 21-2A (Part Level S
ID: 2404411 • Letter: I
Question
I just need help with the boxes in red on last photo
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 sh Product Product JB 50 JB 60 Sales budget: Anticipated volume in units Unit selling price 400,000 200,000 $25 $20 Production budget: Desired ending finished goods units Beginning finished goods units 30,000 25,000 15,000 10,000 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 30,000 40,000 $3 10,000 15,000 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour Budgeted income statement: $12 $12 Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administ $560,000 for product JB 50 and $360,000 for product JB 60, and administrative expenses of $540,000 for pr (not allocated to products). Income taxes are expected to be 30% rative expense budget. The latter shows selling exp oduct JB 50 and $340,000 for product JB 60. InterestExplanation / Answer
**The amount of interest expense is cutted in image .Kindly provide the number to complete the table
JB 50 JB 60 TOTAL Sales 8000000 5000000 13000000 less:cost of goods sold 5200000 [400000*13] 4000000 [200000*20] 9200000 Gross profit 2800000 1000000 3800000 operating expense selling expense 560000 360000 920000 administrative expense 540000 340000 880000 Total operating expense 1100000 700000 1800000 Income from operations 1700000 300000 2000000 Interest expense Income before income tax less:Income tax net Income /(loss)