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Question Completion Status: QUESTION 20 points Techwood manufactures garden chairs. They asked you to compile their budgets using the following information: Expected sales: 5000 chairs Selling price per chuair R300 Requirements per unit of finished product Wood (R12 per kg) 4 kg Steel (R8 per kg) 5 kg Direct labour (R60 per hour) 2 hours Manufacturing Overheads: R180 000 and allocation is based on total Inbour hours Inventory requirements Opening Inventory Closing Inventory Chairs 1000units 1700 units Wood 8000kg 9000kg Steel 2000kg 1900kg Required: prepare the following budgets: 1. Sales budget 2. Production budget 3. Material usage 21C Light rain maining Time: 39 minutes, 33 seconds. estion Completion Status: Chairs Wood Opening Inventory 1000units 8000kg 2000kg Closing Inventory 1700units 9000kg 1900kg Steel Required: prepare the following budgets: 1 Sales budget 2. Production budget 3. Material usage 4. Material purchase budget 5. Direct labour budget 6. Closing stock budget (Round off to two decimal places). PREPARE THE BUDGETS ON A PIECE OF PAPER AND USE YOUR ANSWERS TO FILL IN TI TEMPLATES BELOW. Note: do not leave any spaces in your answer(s); do not use the 'R' any unit measurement labels (units, kgs, hours etc). Sales budget Projected sales units Selling price per unit 21C Ligh O Question Completion Status: QUESTION 20 points Techwood manufactures garden chairs. They asked you to compile their budgets using the following information: Expected sales: 5000 chairs Selling price per chuair R300 Requirements per unit of finished product Wood (R12 per kg) 4 kg Steel (R8 per kg) 5 kg Direct labour (R60 per hour) 2 hours Manufacturing Overheads: R180 000 and allocation is based on total Inbour hours Inventory requirements Opening Inventory Closing Inventory Chairs 1000units 1700 units Wood 8000kg 9000kg Steel 2000kg 1900kg Required: prepare the following budgets: 1. Sales budget 2. Production budget 3. Material usage 21C Light rain maining Time: 39 minutes, 33 seconds. estion Completion Status: Chairs Wood Opening Inventory 1000units 8000kg 2000kg Closing Inventory 1700units 9000kg 1900kg Steel Required: prepare the following budgets: 1 Sales budget 2. Production budget 3. Material usage 4. Material purchase budget 5. Direct labour budget 6. Closing stock budget (Round off to two decimal places). PREPARE THE BUDGETS ON A PIECE OF PAPER AND USE YOUR ANSWERS TO FILL IN TI TEMPLATES BELOW. Note: do not leave any spaces in your answer(s); do not use the 'R' any unit measurement labels (units, kgs, hours etc). Sales budget Projected sales units Selling price per unit 21C Ligh O