All questions on this assignment pertain to SB Manufacturing (SBM). SBM is a manufacturing company that makes two products, P1 and P2. The objective of this assignment is to work through various aspects of SBM's Master Budget for 2020. PART 1 DATA 2020 projected sales: Product P1 P2 Sales 50,300 90,300 Price $65.00 $70.00 2020 projected Finished Goods inventory balances (units) Product 1/1/2020 12/31/2020 P1 10,000 12,000 P2 24,000 20,000 You may assume there are no beginning or ending balances in Work in Process inventories. Calculate the following forecasts based upon the given data. Forecast Revenues from Product 1 (P1) $ 3,269,500 Q1 Forecast Revenues from Product 2 (P2) $6,321,000 Q2 Forecast Total Revenues for 2020. $ 9,590,500 Q3 How many units of P1 should SBM manufacture in 2020? 52,300 Q4 How many units of P2 should SBM manufacture in 2020? 86,300 Q5 PART 2 DATA Raw Materials Beginning Ending Balance Balance 2020 Projected Production standards: Units per P1 Direct labor hrs T1 0.2 Direct labor hrs T2 0 Machine hrs 0.25 Lbs of Z1 3 Units of Z2 4 Feet of Z3 5 Units per P2 Unit cost of input 0 $42.00 0.3 $35.00 0.2 6 $1.50 3 $2.50 8 $0.75 00 ON 45,000 65,000 85,000 50,000 60,000 60,000 The production of P1 and P2 requires direct labor (2 types), machine hours, and direct materials (3 types: Z1, Z2, and Z3). Input-output relations are given in the table above per unit of output Input prices are per unit of input such as a pound, hour, foot or unit. Based on your answers provided in Part 1 determine the following amounts need to satisfy production goals for 2020. The total number of T1 labor hours required Q6 The total number of T2 labor hours required Q7 The total number of machine hours required Q8 The total number of lbs. of input Z1 required Q9 The total number of units of input Z2 required Q10 The total number of feet of input Z3 required Q11 What is the budget for T1 direct labor (dollars)? Q12 What is the budget for T2 direct labor (dollars)? Q13 What is the total labor budget (dollars)? Q14 What is the purchases budget for Z1 (dollars)? Q15 What is the purchases budget for Z2 (dollars)? Q16 What is the purchases budget for 23 (dollars)? Q17 All questions on this assignment pertain to SB Manufacturing (SBM). SBM is a manufacturing company that makes two products, P1 and P2. The objective of this assignment is to work through various aspects of SBM's Master Budget for 2020. PART 1 DATA 2020 projected sales: Product P1 P2 Sales 50,300 90,300 Price $65.00 $70.00 2020 projected Finished Goods inventory balances (units) Product 1/1/2020 12/31/2020 P1 10,000 12,000 P2 24,000 20,000 You may assume there are no beginning or ending balances in Work in Process inventories. Calculate the following forecasts based upon the given data. Forecast Revenues from Product 1 (P1) $ 3,269,500 Q1 Forecast Revenues from Product 2 (P2) $6,321,000 Q2 Forecast Total Revenues for 2020. $ 9,590,500 Q3 How many units of P1 should SBM manufacture in 2020? 52,300 Q4 How many units of P2 should SBM manufacture in 2020? 86,300 Q5 PART 2 DATA Raw Materials Beginning Ending Balance Balance 2020 Projected Production standards: Units per P1 Direct labor hrs T1 0.2 Direct labor hrs T2 0 Machine hrs 0.25 Lbs of Z1 3 Units of Z2 4 Feet of Z3 5 Units per P2 Unit cost of input 0 $42.00 0.3 $35.00 0.2 6 $1.50 3 $2.50 8 $0.75 00 ON 45,000 65,000 85,000 50,000 60,000 60,000 The production of P1 and P2 requires direct labor (2 types), machine hours, and direct materials (3 types: Z1, Z2, and Z3). Input-output relations are given in the table above per unit of output Input prices are per unit of input such as a pound, hour, foot or unit. Based on your answers provided in Part 1 determine the following amounts need to satisfy production goals for 2020. The total number of T1 labor hours required Q6 The total number of T2 labor hours required Q7 The total number of machine hours required Q8 The total number of lbs. of input Z1 required Q9 The total number of units of input Z2 required Q10 The total number of feet of input Z3 required Q11 What is the budget for T1 direct labor (dollars)? Q12 What is the budget for T2 direct labor (dollars)? Q13 What is the total labor budget (dollars)? Q14 What is the purchases budget for Z1 (dollars)? Q15 What is the purchases budget for Z2 (dollars)? Q16 What is the purchases budget for 23 (dollars)? Q17