Management Accounting question

(2) Explain the term "principal budget factor" (b) GRACIOUSCUS LIMITED produces three (3) types of product M, N and T, using opes of materials X, Y and Use the informalion below to prepare the following sub budgets for November 2020 Sales in quantity, and value, including total values, (n) Production quantities; (m) Materials usage in quantities; (1) Material purchase in quantity and value, including total values product Qty Selling Price Sales (in units) (in units) GH 1,500 140 M N 3,000 168 2,250 196 T Materials used in GRACIOUSCOUS LIMITED's products Materials X Y z Cost per unit (Ghe) 5.6 8.4 12.6 Y Z Quantities used in (units) (units) (units) Product M 5 3 Product 4 4 3 Product T 3 2 2 PRODM PRODN PROD T FINISHED GOODS (UNITS) (UNITS) (UNITS) QUANTITIES AT OCT. 2000 1.500 2.250 750 30' NOV. 200 1.650 2,475 825 MATERIALS X 1 31ST OCT 2012 39,000 30,000 18,000 30TH NOV 2010 46,800 36,000 21.600