A company manufacturing two product... Green and Red Product red per unit Product Green per unit Direct material X at 2 pound per kg 24kg Yat 5 pound per kg 10kg Zat 6 pound per kg 5kg Direct wages Unskilled at 6 pound per hour 10 hours Skilled at 10 pound per hour 6 hours Budget inventories for next year as follows 30kg 8 kg 10kg 5 hours 5 hours Jan 1 Product Green per unit 400 500 Productred per unit 800 1100 31 des 1 jan Materialx kg Material y kg Material z kg 30000 25000 12000 31 des 30000 27000 12500 Budget sale for next year products green 2400 units product red 3200 units Requirements A) Prepare the production budget in units? b) Prepare the material usage budget in kilos? c) Prepare the material purchases budget in kilos and pound? d) Prepare the direct labour budgetin hours and in pound? e) Define a budget? How a budgetis is different from a forecast? illustrate some of the possible uses of budget