Score: 0 of 1 pt 5 of 8 (6 complete) HW Score: 44.74%, 4.47 of 10 pts 2 Question Help P6-37 (similar to) The Saale Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2016, Saale's budget department gathered the following data to prepare budgets for 2017: E (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 $21 per direct manufacturing labor-hour. 0 Budget Data Read the requirements X Actual and Projected Direct Materials Data * Requirements - X 2017 Projected Sales Product The following direct materials are used in the two products: Thingone Thingtwo 2017 Inventories in Units Units 68,000 45,000 Price $ 165 $ 262 Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets for 2017: Product Expected Target January 1, 2017 December 31, 2017 29,000 34,000 6,000 7,000 Thingone Thingtwo 1. Revenues budget (in dollars) 2. What questions might the CEO ask the marketing manager when reviewing the revenues budget? Explain briefly. 3. Production budget (in units) 4. Direct material purchases budget (in quantities) 5. Direct material purchases budget (in dollars) 6. Direct manufacturing labor budget (in dollars) 7. Budgeted finished-goods inventory at December 31, 2017 (in dollars) 8. What questions might the CEO ask the production manager when reviewing the production, direct materials, and direct manufacturing labor budgets? 9. How does preparing a budget help Saale Corporation's top management better manage the company? Amount Used per Unit Direct Material Unit Thingone Thingtwo pound 6 pound each 0 Projected data for 2017 for direct materials are: Anticipated Expected Target Direct Purchase Inventories Inventories Material Price January 1, 2017 December 31, 2017 A S 13 35,000 lb 38,000 lb. B 7 32,000 lb. 35,000 lb. 5,000 units 7,000 units Projected Direct Manufacturing Labor Data - X Projected direct manufacturing labor requirements and rates for 2017 are: Print Done Product Thingone Thingtwo Hours per Unit 4 5 Rate per Hour $ 13 $ 16 Print Done parts