The Chen Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019, Chen's budget department gathered the following (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 $24 per direct manufacturing labor-hour. Read the requirements. Projected Direct Manufacturing Labor Data Requirement 1. Prepare the revenues budget (in dollars). Revenues Budget For the Year Ending December 31, 2020 Thingone Thingtwo Budgeted revenues Units Price Projected direct manufacturing labor requirements and rates for 2020 are: Product Thingone Thingtwo Hours per Unit Rate per Hour 4 S 13 5 $ 18 Print Done - Total Budget Data 2020 Projected Sales Product Units Price Thingone Thingtwo 69,000 44,000 $ 160 Actual and Projected Direct Materials Data $ 258 2020 Inventories in Units The following direct materials are used in the two products: Expected Target Amount Used per Unit Product January 1, 2020 December 31, 2020 Direct Material Unit Thingone Thingtwo Thingone 24,000 29,000 A pound 6 7 Thingtwo 7,000 8.000 B pound 4 5 each 0 3 Help me solve this Etext pages Calculator Print Done Projected data for 2020 for direct materials are: Anticipated Direct Material Purchase Expected Inventories Target Inventories Price January 1, 2020 December 31, 2020 A $ 13 36,000 lb. 38,000 lb. B 8 31,000 lb. 34,000 lb. C 7 9,000 units 12,000 units