(4) Inventory policy on desired ending inventory balances:

Type	Quantities
Complete TV sets	20 % of the pairs required for the next months sales. Balance on 1 Dec 2021 is 800 sets.
XT-100	40% of the parts required for the next months production. Balance on 1 December 2021 is 3,000 parts.

Required:

a) Prepare production budgets in units for January, February and March 2022.	(15 marks)
b) Prepare a purchases budget in parts for January and February 2022, providing total purchases in both units and dollars for each month.	(20 marks)
c) Calculate the amount budgeted for cost of goods sold in January 2022.	(15 marks)

As much as you can please, thank you very much

Question 1 Luboh Pty Ltd has a shop outlet in Dapto where the gaming computers are sold for $3,150 each. The monthly rent is $2 000 a month and wages paid to three casual employees at $25.00 per hour. These casual employees work 1,560 hours each per year. The shop manager Noreen also looks after the next door shop outlet Magnum Mobiles as a shared- employee. Both Luboh and Magnum Mobiles share Noreen's annual salary package of $ 160,000 in total (not individually) which includes all industry awards. The total variable cost of one gaming computer is $1,950. Required (please show all workings to obtain maximum allocated marks) a) How many computers does Luboh need to sell each month to break (15 marks) even? b) If Luboh wants to earn a net profit of $25 400 per month, how many (15 marks) computers does Luboh needs to sell. c) If Luboh casual employees agreed to a 20% sales-commission-only (20 marks) pay structure instead of their hourly pay, how many computers would Luboh need to sell to earn a net profit of $25 535? Question 2 Luboh Pty Ltd entered into a new venture of product diversification to sell HD Smart TV sets just recently. The management accountant is forecasting a budget for the upcoming year 2022 and furnished the following data for your consideration. Luboh needs a special part XT-100 in order to complete the TV set. Each TV set requires units XT-100 at $28 each (1) The unit sales price of TV set is $1,600. (2) Product costs per TV set is: Electronic parts XT-100 ($28.00*5) $140.00 Direct labour (hourly rate of $105) $420.00 Overheads $445.00 Month (3) Budgeted sales for the first six-month period are: Number of sets January February 2,500 March 3,500 2,000 April 4,000 May 4,500 June 3,000