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The Chen Corporation manufactures and solls two products: Thingone and Thingtwo. In July 2019, Chen'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 projocted direct manufacturing labor dala) Manulacturing overhead is allocated at the rate of $24 per direct manufacturing labor-hour. Read the requitements: Requirement 1. Prepare the revenues budget (in dollars). Budget Data Projected Direct Manufacturing Labor Data Projected direct manufacturing labor requirements and rates for 2020 are: Actual and Projected Direct Materials Data The following direct materials are used in the two products: Projected data for 2020 for direct materials are: Actual and Projected Direct Materials Data Projected data for 2020 for direct materials are: Requirements 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 bydget? 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 Chen Corporation's top management better manage the company

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