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Question Three: Dawn Co. manufactures and sells two products: one and two. In the beginning...

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Question Three: Dawn Co. manufactures and sells two products: one and two. In the beginning of 2020. Dawn Co. budget department gathered the following data to prepare budgets for 2020: (2) 2020 Inventories in units + (1) 2020 Projected sales Product Units one 43,000 two 22,000 Price S 70 $ 110 Product Expected Target 1/1/2020 31/12/2020 8,000 9,000 8,000 6,000 one two (4) Projected direct labor requirements and rates (3) The following direct materials are used in the two products: Amount Used per Unit Direct Material Unit one two A pound 4 3 B pound 2 6 pound 1 2 Product one Hours per Unit 5 7 Rate per Hour $ 13 $ 15 two (5) Projected data for 2020 with respect to direct materials are as follows: Direct Material Anticipated Expected Inventories Purchase Price 1/1/2020 $ 10 22.000 lb. B $ 4 25.000 1b. C S6 4,000 lb. Target Inventories December 31, 2020 26.000 lb. 28,000 lb 6.000 lb. Instructions: prepare the following budgets for 2020: 1. Revenues budget (in dollars) 2. Production budget (in units) 3. Direct material purchases budget (in dollars) 4. Direct manufacturing labor budget (in dollars)

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