ABC Ltd manufactures a single product, product P using material X. The company procures material X from a local supplier at $ 5 per kg. Each finished good of product P requires 3 kgs of material X. Each finished good of product P requires two hours to complete. The company intends to pay an hourly rate of $ 10. During the month of December 2018, the company budgets to sell 50 units of product P.

The following table summarizes the budgeted data for November and December 2018:

PRODUCT P

30 November 2018

Raw material X(kgs) 80

Finished goods(units) 20

31 December 2018

Raw material X (kgs) 30

Finished goods(units) 20

Selling price per unit ($) 150

REQUIRED: Prepare the following budgets for December 2018:

A)Sales budget

B)Production budset (Units)

C)Material purchase budget ($)

D)Labour budget ($)