1 All questions on this assignment pertain to SB Manutacturing (SBM) SBM is a manufacturing company that makes two products P1 and 1 P2. The objective of this assignment is to work through various * aspects of SBM's master budget for 2020. 6 PART 1 * DATA 2020 projected sales: 10 Product 13 P1 12 P2 Price Sales 42.000 82,000 $65.00 $70 00 14 2020 projected Finished Goods inventory balance (units) 15 Product 1 /1/2020 12/31/2020 10,000 12.000 24000 20,000 16 P1 17 P2 19 Calculate the following forecasts based upon the 20 above data Forecast Revenues from Product 1 (P1) Q1 $2.730.000 24 Forecast Revenues from Product 2 (P2) 02 $5,740.000 Comana 25 Forecast Total Revenues Q3 $8.470.000 44000 28 How many units of P1 should SEM 19 manufacture in 2020? 8 78.000 11 How many units of P2 should SBM manufacture in 2020? 25 PART 2 Units per P2 Beginning Balance Ending Balance 37 DATA 2020 Projected Production standards: Units per P1 Direct labor hrs T1 02 41 Direct labor hrs T2 Machine hrs 001 43 lbs of Z1 44 Units of 22 Feet of Z3 Unit cost of input $40.00 $36.00 03 0.025 $150 $2.50 $0.75 42.000 60.000 85.000 42.000 70 000 60.000 *7 The production of P1 and P2 requires direct labor (2 types), machine hours. es and direct materials (3 types. Z1 Z2. and Z3) Input-output relations 49 are given in the table above per unit of output. Input prices are per unit 50 of input such as a pound, hour, foot, or unit. Based on your answers provided in Part 1 determine the following amounts 53 need to satisfy production goals for 2020 $ 55 The total number of T1 labor hours required 8.800 $ s7 The total number of T2 labor hours required Q7 23,400 59 The total number of machine hours required 2.390 61 The total number of lbs. of input 21 required 600.000 63 The total number of units of input Z2 required Q10 410,000 $ 65 The total number of feet of input Z3 required 844,000 62 What is the budget for T1 direct labor (dollars)? Q12 $352,000 $ 69 What is the budget for T2 direct labor (dollars)? Q135842,400 71 What is the total labor budget (dollars)? Q14 $1,194,400 Comsa 2 Normal 2 7What is the purchases budget for Z1 (dollars)? 915 $900,000 75 What is the purchases budget for Z2 (dollars) Q16 $1,025,000 77 What is the purchases budget for 23 (dollars)? Q175633.000 79 Variable manufacturing overhead is budgeted at 80 S15 per ditect labor hour. While fixed factory overhead is 81 estimated to be $2.5 million. It is allocated based on machine hours 8 What is the budgeted variable OH for P1 (dollars)?! Q18 *What is the budgeted foxed OH for P1 (dollars)? Q19 Q20 87 What is the budgeted cost of goods manufactured * for P1 (dollars)? 89