1. Following is the sales budget for the period of 6 months ending 30th June 2019: Month Jan Feb Mar Apr May Jun Sales(units) 10,000 12,000 14,000 15,000 16,000 16,000 Finished goods inventory at the end of the each month is expected to be 20% of budgeted sales quantity of the following month(Same policy was applicable for the previous December.). Each unit of finished inventory requires 4 kg(net of wastage of 20%) of raw material-X which can be purchased@ Rs 10/kg. Monthly closing stock of raw material is expected to be half of the requirement of next months production.(Same policy was applicable for the previous December.). Budgeted Direct labour hour per unit of finished product is 3/4th of an hour and Budgeted direct labour cost for the period Jan-Mar 2019 is Rs 6,93,750. Workers work for 8 hours in a day and for 25 days in a month and 25% of the hours paid for is lost due to idle time. The wage rate is uniform throughout the period Jan-Mar 2019 You are required to prepare: Production budget for Jan-Mar 2019 Raw Material Purchase Budget for Jan- Mar2019 in quantity and value. Labour Budget showing the productive labour hours,wage rate and number of workers for each of the month during the period Jan-Mar 2019