A company makes and sells two products, product S \& T. Its production budget for next year is to make 40,000 units of Product S and 10,000 units of Product T. The materials required to make one unit of each product and their cost are as follows. Required: prepare a material usage budget for product S and T. A company makes and sells two products, Product X and Product Y. Its production budget for next year is to make 20,000 units of Product X and 15,000 units of Product Y. The materials required to make one unit of each product, and their cost, are as follows. The company expects to have opening inventory of 3,000 litres of Material M3 and 2,000 litres of Material M4. It plans to have closing inventory of 3,500 litres of Material M3 and 1,200 litres of Material M4 Required: prepare a material purchase budget for Product X and Product Y