a) Sales Budget; b) Production Budget; c) Raw Materials Usage Budget; d) Raw Materials Purchases Budget (in units and dollars); e) Direct Labour Budget; f) Manufacturing Overhead Budget; g) Cost of Production Budget; h) Cost of Goods Sold Budget; and i) Budgeted Trading Statement.

Question 1 Manufacturing Budget The Korara Company manufactures and sells two products, Gadget 1 and Gadget 2. The following data has been gathered for the year ending 30 June 2017: Product Project Sales Inventory in Units ST Usis | Prce | Opening | Closing | To produce one unit of Gadget 1 and Gadget 2, the following matersals are used: Raw Material Projected data in respect of raw materials are as follows: Raw Material LT Opening T Iy Inventory Inventory 5250k | B | s425 | 3000kg | 3200kg | Projected data in respect of direct labour rates are as follows: Product Hours per unit Rate per hour Gadget 1 SEED Gadget 2 Owerhead is applied at the rate of $5.50 per direct labour hour. Required: Prepare the following budgets for year ending 30 June 2017 as per company policies and procedures: a) Sales Budger; bl ) Production Budget; c) Raw Matenials Usage Budget; d) Raw Materials Purchases Budget (in units and dollars); e) Durect Labour Budget; f) Manufacturing Overhead Budget; ) Cost of Production Budget; h) Cost of Goods Sold Budget; and i) Budgeted Trading Statement