The Levy Company manufactures and sells fwo products: Casual Granite Tables and Deluxe Granite Tables In July 2020, Levy's budget department gathered the following data to prepare a budget for 2021: Direct materials Red oak Granite Direct manufacturing labor $7 per board foot $10 per square foot $20 per hour Red oak Granite Direct manufacturing labor Casual Granite Table 12 board feet 6 square feet 4 hours Content of Each Product Unit Deluxe Granite Table 12 board feet 8 square feet 6 hours Expected sales in units Selling price Target ending inventory in units Beginning inventory in units Beginning inventory in dollars Casual Granite Table 50,000 $600 11,000 1,000 $384.000 Product Deluxe Granite Table 10,000 $800 400 500 $262.000 Direct Materials Granite 60,000 square feet 20,000 square feet Red oak 70,00 board feet 80,000 board feet Beginning inventory Target ending inventory Based on the preceding projections and budget requirements for Casual Granite Tables and Deluxe Granite Tables, prepare the following budgets for 2021: 1. Revenue budget 2. Production budget (Units) 3. Direct materials usage budget in quantity and purchases budget in dollars 4. Direct labor costs budget