20:24 QUESTION FOUR The Following information has been made available from the records o enterprise for the last six months of 2016 July Aug Sep Oct Nov Budgeted 14,000 14,400 15,000 16,000 15,600 Sales units Closing 6,000 7,000 6,600 2,000 6,200 stock units The GISENYI-based enterprise anticipated to sale each unit 12, 000 FRV opening stock of finished goods amounting to 2000 units. The enterprise closing stock of finished goods at end of month and is part of the produced u Information got from the production manager indicates that each unit will composition of costs to be complete: Cost element unit cost in FRW Raw materials 10 litres @ 800 FRW each 8000 Labour costs 2 hours @ 1000 FRW each 2000 Variable overhead costs 25% of labour costs 500 Total 10,500 The store's manager states that the company's policy is to reserve raw mat next month's requirements because the suppliers are not reliable. Closir materials of December will be the same figure as in November. The raw materials are purchased from suppliers at 900 FRW per litre Required: Prepare the following functional budgets i) Sales budget (2 marks) ii) Production budget (3 marks) iii) Raw materials utilization (2 marks) (v) Labour cost budget