A'Sharqiah University Accounting \& Finance Department ACCT 201 Assignment V2 Al Shams Company is producing tiles and provided the following information to help in preparing the operational budgets for the year 2024: a. Sales for the year are expected to be 1,000,000 units. The monthly sales expected as following: b. The sales price is expected to be OMR11 per unit for the first 6 months and OMR 16 per unit for the last 6 months. Sales in the first month of 2025 are expected to be 20% lower than the budgeted sales for the first months of 2024. c. Management desires to maintain ending finished goods inventories at 30% of next month's budgeted sales units. d. To produce each tile the company requires 5 Kilos of raw materials at a cost of OMR 2.3 per Kilo. e. The Management desires to maintain raw materials inventories at 15% of the next month's production requirements. Assume the production requirements for the first month of 2025 are 200,000Kilos. f. The Company use 4 hours of direct labour to produce each Tile. The labour hour cost OMR 2.100. Requirements: 1. Prepare the sales, production, direct material, and direct labor for one year. 2. Write an essay of not less than 500 words showing the difference between operation and financial budgets