Prepare budgets.

Prepare the production, materials usage, materials purchase and labour budgets based on the following information:

Prepare the production, materials usage, materials purchase and labour budgets based on the following information: e Productse Materials requirede x Labour hours required Skilled (hours)e Semi-skilled (hours)e Sales (units)e Opening stocks (units)e Materialse Opening stocke Unit purchasing coste 2.5+ 12+ 3+ 2+ 12,000+ 1,100+ xe 3,000+ 10+ Be + 8,000++ 350++ 12,000++ Closing stock of materials and finished goods need to be sufficient to meet 10% of demand (production or sales). Labour costs per hour are E25 for the skilled workers and E12 for the semi-skilled workers.