9 000.002 ABC Company's budgeted unit sales for the year were: Bike Tyres: 60,000, and Bus Tyres: 12,500 The Budgeted Selling Price for Bus Tyres was Rs. 15,000 per Tyre and for Bike Tyres was Rs. 4,500 per Tyre. The beginning Finished Goods Loop stock of FG Inventories were expected to be 2,500 Bus Tyres and 6,000 Bike Tyres, for Closing Stock of Fo a Total Cost of Rs. 2,00,25,500, with desired ending inventories at 2,000 and 5,000 respectively, with a Total Cost of Rs. 1,63,23,900. There was no anticipated beginning or ending Work-In-Process inventory for either type of tyre. augeled The Standard Materials Quantities, and Labour Hour Requirements for each type of Tyre were as follows - Particulars Bus Tyres Bike Tyres Particulars Bus Tyres Bike Tyres Rubber 35 lbs 15 lbs Moulding 0.20 0.10 Department Cinh Steel Belts 4.5 lbs 2.0 lbs Finishing 0.10 0.05 Department inh) The Purchase Prices of Rubber and Steel Belts were Rs. 150 and Rs. 100 per pound respectively. The desired Ending Inventories for Rubber and Steel Belts were 60,000 and 6,000 pounds respectively. The estimated Beginning Inventories for Rubber and Steel Belts were 75,000 and 7,500 Lclosing stack of pounds respectively. opening share of RM RM The Direct Labour Rates for Moulding Department was Rs. 650 per hour, and for Finishing Department Rs. 750 per hour. Budgeted Factory Overhead for the year Rs. 2,76,84,000, with the break- up as follows - Indirect Materials Rs. 85,28,000, Indirect Labour Rs. 79,40,000, Depreciation Rs. 49, 16,000, Power & Light Rs. 63,00,000 From the above, prepare - (1) Sales Budget, (2) Production Budget, (3) Direct Material Budget (4) Direct Labour Budget (5) Factory OH Budget, (6) Cost of Goods Sold Budget