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QUESTION 2 BEST ONE End. a manufacturing company produces mainly one type of product known as GOOD. The company is preparing Its budget for the last two quarters for the year 201?. The following Information are some information that has been gathered for the preparation of functional budget. 1. Standard production cost for a unit of GOOD is as follows: 2. The expected sales revenues for each quarter of year 201? are as follows: EEEE RMTB 300 110 330 3. The management has decided to mark-up 20% of production cost in arriving at the selling price per unit for GOOD. The management is expecting an increase of 5% of GODD's selling price per unit in Quarter 4. 4. Information on inventory atlhe end of the second quarter ofyear 2017 is as follows: Material B Material C 20.000 - 16,!2100 . 800 units 5. The management plans to increase the ending inventory of nished goods by 30% of opening stock for Quarter 3 and Quarter 4. B. The ending inventory of materials will decrease by 10% in Quarter 3. However. for Quarter 4 it is expected that the ending inventory of materials will increase by 8%. T. The material price of B and C and labour rate are likely to remain unchanged until the end of 2017. Required: a. Prepare the following for the last two quarters of year 201?: i. Sales budget (units and RM) ii. Production budget (units) iii. Material usage and purchase budget (kg and RM) for material B onty iv. Direct labour budget (hour and RM) (14 marks) 2/3