Manufacturing overhead is allocated at the rate $20 per direct manufacturing labour-hour.

Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets for 2022:

1. Revenues budget (in dollars)
2. Production budget (in units)
3. Direct material purchases budget (in quantities)
4. Direct material purchases budget (in dollars)
5. Direct manufacturing labor budget (in dollars)
6. Budgeted finished goods inventory at December 31, 2022 (in dollars).

Solwezi Ltd manufactures and sells two products: Thinzane and Thingtwe. In July 2021, Solwezi Ltda budget department gathered the following data to prepare budgets for 2022: 2022 Projected Sales Product Units Price Thinzone 60,000 $165 Thingtua 40,000 $250 2022 Inventories in Units Expected Target Product January 1, 2022 December 31, 2022 Thinzone 20,000 25,000 Thingtwa 8,000 9,000 The following direct materials are used in the two products: Amount Used per Unit Direct Material Unit Thingone Thingtwo A pound 4 5 B pound 2 3 each 0 1 Projected data for 2022 with respect to direct materials are as follows: Expected Inventories Target Inventories Direct Material Anticipated Purchase price January 1, 2012 December 31, 2022 A $12 32,000 lb 36,000 lb B B 5 29,000 lb 32,000 16 3 6,000 units 7,000 units Projected direct manufacturing labor requirements and rates for 2022 are as follows: Product Hours per Unit Rate per Hour Thingone 2 $12 Thingwe 3 16