Question 1- 10 marks Bbudgeting can be seen as a process of planning, monitoring and control. Explain the benefits of budgeting ( 10 marks) Question 2-40 marks non- Sanyo Company produces programmable and programmable calculators and operates at capacity. The following data are presented for your use: Programmable Non-programmable Annual production in units 50.000 100.000 Direct materials costs $ 150,000 $ 300,000 Direct manufacturing labor $50,000 $100,000 costs Direct manufacturing labor 2500 5000 hours Machine hours 25,000 50,000 Number of production runs-50 50 set-ups Inspection hours 1000 500 Manufacturing overheads are as follows: Overhead cost pool both products Total for Machining costs $375,000 Setup costs 120,000 Inspection costs 105,000 Required 1-Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product (20 marks) 2-Compute the manufacturing cost per unit for each product.(15 marks) 3-How does the activity based costing system help Sanyo's managers to better manage their business