Topic: Problem: Budget Accounting The Sabat Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2016, Sabat's budget department gathered the following data to prepare budgets for 2017: Projected sales 2017: Product Units Price Thingone 62,000 172 Thingtwo 46,000 264 2017 Inventories in Units Product Thingone Thingtwo Expected Target Jan 1, 2017 Dec 31, 2017 21,000 26,000 13,000 14,000 The following direct materials are used in the two products: Amounts used per unit Direct Material Unit A Pound B Pound C Piece Thingone Thingtwo 5 6 3 4 0 2 Projected data for 2017 for direct materials are as follows: Direct Material Anticipated Purchase price Expected inventory Expected inventory Jan 1, 2017 (lbs) Dec 31, 2017 (lbs) A it 45,000 40,000 B 6 40,000 35,000 5 10 10,000 12,000 Questions Possible Scores 2 Question 1: Calculate the Revenues budget in dollars Question 2: Calculate the production budget in units 3 Question 3: Calculate the direct material A purchases budget in units 5