The Leon Co. in Mexico has a division that manufactures bicycles. Its budgeted sales for Model XG in 2021 are 97,000 units. Leon's target ending inventory is 6,000 uni its beginning irventory is 6,000 units. The company's budgeted selling price to its distributors and dealers is 3,400 pesos per bicycle. Leon buys ant its wheols from an ou supplier. No defective wheols are accepted. A separate division of the company orders the extra Wheels Leon needs for replacement parts. The company's target ending inventory is 15,000 wheels, and its beginning inventory is 11,000 wheels. The budgeted purchase price is 550 pesos per wheel. Read the reovirements 1. Compute the budgeted revenues in pesos. 2. Compute the number of bicycles that Leon should produce. 3. Compute the budgeted purchases of wheels in units and in pesos. 4. What actions can Leon's managers take to reduce budgeted purchasing costs of wheels assuming the same budgeted sales for Model XG