Part 1 of 10 Points: 0 of 20 The Sache Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2016, Sache's budget department gathered the following data to prepare budgets for 2017 (Click the icon to view the budget data) (Click the icon to view the actual and projected direct materials data) (Click the icon to view the projected direct manufacturing labor data.) Manufacturing overhead is allocated at the rate of $18 per direct manufacturing labor-hour Read the requirements Requirement 1. Prepare the revenues budget (in dollars). Revenues Budget For the Year Ending December 31, 2017 Thingone Thingtwo Budgeted revenues Units Help me solve this Etext pages Type here to search Price Total Get more help 65F Sav Clear all Check answer 1105 AM Budget Data 2017 Projected Sales Product Units Price Thingone 65,000 $ 166 Thingtwo 49,000 $ 260 2017 Inventories in Units Expected Target Product January 1, 2017 December 31, 2017 Thingone 27,000 32,000 Thingtwo 6,000 7,000 Actual and Projected Direct Materials Data The following direct materials are used in the two products: Amount Used per Unit Direct Material Unit Thingone Thingtwo A pound 5 6 B pound 3 4 C each 0 2 Projected data for 2017 for direct materials are: Anticipated Expected Target Direct Purchase Inventories Inventories Material Price January 1, 2017 December 31, 2017 A $ 15 32,000 lb. Get 35,000 lb. - labor data.) irect manufacturing labor-hour Projected Direct Manufacturing Labor Data Projected direct manufacturing labor requirements and rates for 2017 are: Product Thingone Hours per Unit Rate per Hour 3 $ 15 Thingtwo 4 69 19 Print Done Requirements Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets for 2017: Revenues budget (in dollars) What questions might the CEO ask the marketing manager when reviewing the revenues budget? Explain briefly. Production budget (in units) 1. 2. 3. 4. 5. Direct material purchases budget (in dollars) 6. Direct manufacturing labor budget (in dollars) 7. Direct material purchases budget (in quantities) 8. 9. Budgeted finished-goods inventory at December 31, 2017 (in dollars) What questions might the CEO ask the production manager when reviewing the production, direct materials, and direct manufacturing labor budgets? How does preparing a budget help Sache Corporation's top management better manage the company? Print Done -