A private company has been granted a license to produce vaccines by the government. The Management Accountant has been working on the budgets using the figures below. Sales Forecast January February March April 8,000 10,000 15,000 17,000 Selling Price 20 Production Volume Forecast January February 10,000 12,000 March 15,800 April 12,000 Materials Each vaccine requires 15ml of material, which costs E120 per litre (1,000 mh Opening inventories of material at the start of January are 200 litres The company has a policy of making sure there is sufficient closing inventory to meet production requirement for the following month Production in April is expected to be 12000 units Labour Number of employees in production department is equal to 20 Standard working day is 12 hours Working days in the week is equal to 5 days Working days in the month is equal to 20 days Basic rate of pay Is E16 per hour Overtime is paid at time and a half Each vaccine takes 35 minutes (labour hours) to produce. Required Complete the working for the material purchases budget below Complete the working for the labour budget below Material Purchases Budget Enter your values to the nearest whole number with no sign January February March TOTAL Total Volume in litres) Total Cost Labour Cost Budget Enter your values to the nearest whole number with no sign January February March Basic hours Overtime January February March Total Pay Basic and Overtime) Basic Pay Overtime Pay