24. The Cat & Company Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2013, the corporation's budget department gathered the following data to prepare budgets for 2014: 2014 Projected Sales: Product - Units Price Thingone 62,000 units $172 Thingtwo 46,000 units $264 2014 Projected Inventory in Units: Product - January 1, 2014 21,000 13,000 December 31,2014 26,000 14,000 The following direct materials are used in the two products Thingtwo Amount Used per Unit Direct Material Thingone pound pound each Projected data for 2014 for direct materials are: Anticipated Expected Inventories Expected Inventories Direct Material Purchase Price January 1.2014 December 31, 2014 A S11 37,000 lb. 40,000 1b. B $6 37,000 lb. 35,000 lb. $5 10,000 units 12,000 units Projected direct manufacturing labor requirements and rates for 2014 are: Product - Hours per Unit Rate per Hour Thingone $11 Thingtwo $14 Amount Used per Unit Direct Material Unit Thingone pound Thingtwo pound each Projected data for 2014 for direct materials are: Anticipated Expected Inventories Expected Inventories Direct Material Purchase Price January 1,2014 December 31, 2014 A $11 37,000 lb. 40,000 $6 SS B 37,000 lb. 35,000 lb. 10,000 units 12,000 units Projected direct manufacturing labor requirements and rates for 2014 are: Product - Hours per Unit Rate per Hour Thingone Thingtwo $14 S11 Manufacturing overhead is allocated at the rate of $19 per direct manufacturing labor-hour. Based on the preceding projections and budget requirements for Thingone and Thingtwo, answer the following questions: a. What is the total projected revenue in dollars? b. What are the production requirements for each product? c. What is the direct material purchases budget in quantities? d. What is the direct material purchases budget in dollars? e. What is the direct manufacturing labor budget in dollars? f. What is the budgeted finished goods inventory at December 31,2014 in dollars