Part B A corporation manufactures and sells two products, XX and YY. In December 2018, managers gathered the following budget data for 2019: 2019 projected sales Product Units Price XX 10,000 $70 15,000 $90 YY 2019 inventories in units Expected Desired Product Jan. 1, 2019 Dec. 31, 2019 XX 2,000 2,500 YY 3,000 5,000 The following raw materials are used to produce one unit of XX and YY: Quantity Amount used per unit Raw material measure XX YY Mono pounds Bio pounds 23 Tri unit Projected data for 2019 relative to raw materials follows: Anticipated Expected Desired Purchase inventories inventories RM price Jan. 1, 2019 Dec. 31, 2019 Mono $7 3,200 pounds 3,600 pounds Bio $4 900 pounds 2,000 pounds Tri $3 600 each 1,000 each Projected data for 2019 relative to raw materials follows: Anticipated Expected Desired Purchase inventories inventories RM price Jan. 1, 2019 Dec. 31, 2019 Mono $7 3,200 pounds 3,600 pounds Bio $4 900 pounds 2,000 pounds Tri $3 600 each 1,000 each Projected direct labour requirements for 2019 and rates follow: Product Hours per unit Rate per hour XX $5 YY $6 Overhead is applied at the rate of $2 per direct labour hour. Required: a. Prepare a sales budget in dollars. b. Prepare a production budget. c. Prepare a raw materials purchases budget (in quantities and dollars). d. Prepare a direct labour budget (in hours and dollars). e. Determine the balance of Finished Goods Inventory on December 31, 2019