3. Z Company manufactures and sells two products: z1 and z2. In July 2022, The Companys budget department gathered 2023 projected sales data and 2023 inventories in units data to prepare budgets for 2023. 2023 Projected Sales Product Units Price z1 60.000 165 $ z2 40.000 250 $ 2023 Inventories in Units Expected Target Product 01.01.2023 31.12.2023 z1 20.000 25.000 z2 8.000 9.000 The following direct materials are used in the two products: Amount Used Per Unit Direct Material Unit z1 z2 A pound 4 5 B pound 2 3 C each 0 1 Projected data for 2023 with respect to direct materials are as follows: Page 3 / 3 Direct Material Anticipated Purchase Price Expected Inventories (01.01.2023) Target Inventories (31.12.2023) A 12 $ 32.000 pounds 36.000 pounds B 5 $ 29.000 pounds 32.000 pounds C 3 $ 6.000 units 7.000 units Projected direct manufacturing labor requirements and rates for 2023 are as follows: Product Hours Per Unit Rate Per Hour z1 2 12 $ z2 3 16 $ Manufacturing overhead is allocated at the rate of $20 per direct manufacturing labor-hour. Based on the preceding projections and budget requirements for z1 and z2, prepare the following budgets for 2023: a) Revenues budget (in dollars) (5 p). b) Direct material purchases budget (in dollars) (5 p). c) Direct manufacturing labor budget (in dollars) (10 p). d) Budgeted finished goods inventory at 31.12.2023 (in dollars) (10 p)