Raw Materials Beginning Ending Balance Balance DATA 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 23 5 Unit cost of input $42.00 $35.00 Units per P2 0 0.3 0.2 6 3 8 $1.50 $2.50 $0.75 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 23). 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 Raw Materials Beginning Ending Balance Balance DATA 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 23 5 Unit cost of input $42.00 $35.00 Units per P2 0 0.3 0.2 6 3 8 $1.50 $2.50 $0.75 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 23). 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