1b) You are given the following budgeted information for Birch Ltd: direct wages 70000 direct materials 27000 depreciation 6000 indirect salaries 21000 rent & insurance 7000 electricity 4000 machine hours 19,000 direct labour hours 5,000 Using the above information, calculate the full cost of a job that uses 35 in materials and 28 in labour and needs 3 hours of machine time and 2 hours of labour. (type in this box) 6 marks 1c) What are the risks and rewards of holding inventory and how can it be managed? Risks: (type in this box) Rewards: (type in this box) Managed: (type in this box) 6 marks