ANSWER ALL QUESTIONS. MA QUESTION 1 Footwear Ltd produces sandals. Data for the fourth quarter ended December 31, 2019 are as follows: Master Budget Actual Data Budgeted production units: 1,000 Actual production units: 1,100 Materials: 2 leather strips @ $5.00 Materials cost: $11.200 Labour: 0.5 hour @ $8.00 Labour cost: $4,400 REQUIRED: (a) Prepare a budget for two levels of output: 1,000 and 1,100 units. (10 marks) (b) Prepare a performance report using a budget based on expected production. (10 marks) (c) Prepare a performance report using a budget based on actual production. (10 marks) (d) Discuss the purposes of preparing two types of the performance report. (20 marks) (Total: 50 marks)