The Chen Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019, Chen's budget department gathered the following data to prepare budgets for 2020: (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. Requirements 5. Direct material purchases budget (in dollars) irect manufacturing labor budget (in dollars) . udgeted finished-goods inventory at December 31, 2020 (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 Chen Corporation's top management better manaqe the companv? Actual and Projected Direct Materials Data The following direct materials are used in the two products: Projected data for 2020 for direct materials are: Budget Data 2020 Projectod Calos 2020 Inventories in Units The Chen Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019, Chen's budget department gathered the following data to prepare budgets for 2020: (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. Requirements 5. Direct material purchases budget (in dollars) irect manufacturing labor budget (in dollars) . udgeted finished-goods inventory at December 31, 2020 (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 Chen Corporation's top management better manaqe the companv? Actual and Projected Direct Materials Data The following direct materials are used in the two products: Projected data for 2020 for direct materials are: Budget Data 2020 Projectod Calos 2020 Inventories in Units