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The Sacco Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019 , Sacco'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.) Actual and Projected Direct Materials Data Manufacturing overhead is allocated at the rate of $18 per direct manufacturing labor-hour. Read the requirements. Budget Data The following direct materials are used in the two products: Requirement 1. Prepare the revenues budget (in dollars). Requirement 2. What questions might the CEO ask the marketing manager when reviewing the revenues budget? Is the revenue growing faster than the market? Should the company increase marketing and advertising spending to grow sales? Would increasing the sales force or giving salespersons stronger incentives result in higher sales? Requirement 3. Prepare the production budget (in units). The Sacco Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019 , Sacco'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 $18 per direct manufacturing labor-hour. Read the requirements. Requirement 4. Prepare the direct material purchases budget (in quantities). (For entries with a 0 balance, make s Direct Materials Purchases Budget (in Quantities) Projected data for 2020 for direct materials are: Requirement 5. Prepare the direct material purchases budget (in dollars). Direct Materials Purchases Budget (in Dollars) Requirement 6. Prepare the direct manufacturing labor budget (in dollars). Direct Manufacturing Labor Costs Budget The Sacco Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019 , Sacco'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.) Actual and Projected Direct Materials Data Manufacturing overhead is allocated at the rate of $18 per direct manufacturing labor-hour. Read the! Budget Data Budgeted purchases Requirement 6. Prepare the direct manufacturing labor budget (in dollars). Direct Manufacturing Labor Costs Budget For the Year Ending December 31, 2020 Requirement 7. Prepare the budgeted finished-goods inventory at December 31, 2020 (in dollars). Begin by calculating finished goods for Thingone, then calculate Thingtwo and the total budgeted finished goods. Projected Direct Manufacturing Labor Data = The Sacco Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019 , Sacco'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 $18 per direct manufacturing labor-hour. Read the requirements Budget Data Requirement 6. Prepare the direct manufacturing labor budget (in dollars). Direct Manufacturing Labor Costs Budget Requirement 7. Prepare the budgeted finished-goods inventory at December 31, 2020 (in dollars). Begin by calculating finished goods for Thingone, then calculate Thingtwo and the total budgeted finis Requirements Projected Direct Manufacturing Labor Data Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets for 2020 Projected direct manufacturing labor requirements and rates for 2020 1. Revenues budget (in dollars) 2. What questions might the CEO ask the marketing manager when reviewing the revenues budget? Explain briefly. 3. Production budget (in units) 4. Direct material purchases budget (in quantities) 5. Direct material purchases budget (in dollars) 6. Direct manufacturing labor budget (in dollars) 7. Budgeted 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 Sacco Corporation's top management better manage the company