Projected Direct Manufacturing Labor Data Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets 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 Sackin Corporation's top management better manage the company? Requirement 1. Prepare the revenues budget (in dollars). Revenues Budgot For the Year Ending December 31, 2020 Requirement 2. What questions might the CEO ask the ma Requirement 3. Prepare the production budget (in units). Requirement 3. Prepare the production budget (in units). Requirement 4. Prepare the direct material purchases budget (in quantives). (For entries with a 0 balance, make suro to enter " 0 in the appropriato feld.) Direct Materials Purchases Budget (in Quantities) For the Year Ending December 31, 2020 Requirement 5 . Prepare the direct material purchases budget (in dollars). Requirement 6. Propare the direct manufacturing labor budget (in dollars). Requlrement 7. Prepare the budgetiod firiahed-goods inventory at Devenber 31, 2020 (n dolasa). Thingtwo: Deect malerials costs per unit A B C Direct manulncturing tabor costs per unit Manufacturing overtiead costs per unt of Thingtwo Budgeted manufacturing costs per unit Finished goods inventory of Thingtive Budgeled finished goods imentary, Decerrber 31, 2020 Could direct materials inventory be reduced? Could production be more closely tailored to demand? Could the efficiency and productivity of direct materials and direct manufacturing labor be increased? 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? coordinate and communicate across different parts of the organization. create a framework for judging performance. look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. motivate managers and employees to increase inventory and achieve higher costs. Requirememt 9. Hew does prepiaring s budgen help Sackin Corgicration's iop managument bether manage the company? Preparing a budget helpos Sackin Corporelion: (Selach atl that apply.) Projected Direct Manufacturing Labor Data Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets 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 Sackin Corporation's top management better manage the company? Requirement 1. Prepare the revenues budget (in dollars). Revenues Budgot For the Year Ending December 31, 2020 Requirement 2. What questions might the CEO ask the ma Requirement 3. Prepare the production budget (in units). Requirement 3. Prepare the production budget (in units). Requirement 4. Prepare the direct material purchases budget (in quantives). (For entries with a 0 balance, make suro to enter " 0 in the appropriato feld.) Direct Materials Purchases Budget (in Quantities) For the Year Ending December 31, 2020 Requirement 5 . Prepare the direct material purchases budget (in dollars). Requirement 6. Propare the direct manufacturing labor budget (in dollars). Requlrement 7. Prepare the budgetiod firiahed-goods inventory at Devenber 31, 2020 (n dolasa). Thingtwo: Deect malerials costs per unit A B C Direct manulncturing tabor costs per unit Manufacturing overtiead costs per unt of Thingtwo Budgeted manufacturing costs per unit Finished goods inventory of Thingtive Budgeled finished goods imentary, Decerrber 31, 2020 Could direct materials inventory be reduced? Could production be more closely tailored to demand? Could the efficiency and productivity of direct materials and direct manufacturing labor be increased? 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? coordinate and communicate across different parts of the organization. create a framework for judging performance. look for ways to increase efficiencies and reduce costs. look for ways to improve quality and efficiency while also increasing input prices. manage costs based on revenues and production needs. motivate managers and employees to increase inventory and achieve higher costs. Requirememt 9. Hew does prepiaring s budgen help Sackin Corgicration's iop managument bether manage the company? Preparing a budget helpos Sackin Corporelion: (Selach atl that apply.)