STT = 23, please add it to the price ( Ex: 120+STT = 120+23 = 143 )

Problem 2. (2.5 points) Truong Hai Corporation manufactures mainly two different types of furniture product: chair and table. In the fall of the current year, the controller, showed the following data. 3 Sale budget for 2001 (all units to be shipped in this year and on account) Units Price ($) Product Chair Table 80,000 40,000 120 +STT 190 +ST - Raw material prices and inventory levels: Raw material Wood Sheet metal Plastic Expected Desired. Anticipated inventories, inventories, purchase 1/1/2001 (kg) 31/12/2001 (kg) price ($) 42,000 36,000 8 + STT 29,000 32,000 5 + STT 6,000 7,000 3 + STT - Use of raw material Raw material Wood (kg) Sheet metal (kg) Plastic (kg) Amount Used in unit Chair Table 5 7 5 6 2 - Direct labor requirements and rates Hours per unit Product Chair Table rate per hour ($) 3 20 5 25 - Finished goods inventories (in units) Product Chair Table Expected Desired. inventories, inventories, 1/1/2001 31/12/2001 20000+ (STT*10) 25,000 8,000 9,000 4(STT*10) - Production overhead Overhead cost activity: Purchasing and material handling Depreciation, utilities, and inspection Shipping general production overhead Activity-based budget rate $ 0.25 per kg of wood and metal purchased $4 per chair and table produced $1 per chair and table shipped $3 per Direct labor hour 4 Required: Prepare the following budgets for the year of 2001 1. Sales budget (in dollar) (0.25 points) 2. Production budget (in units) (0.5 points) 3. Raw material purchases budget (in quantities) (0.5 points) 4. Raw material purchases budget (in dollar) (0.5 points) 5. Direct labor budget (in dollar) (0.25 points) 6. Production overhead budget (in dollar) (0.5 points)