During December $2020$ you landed a job at JM Foods Ltd as the management accountant. The company produces two $(2)$ products, $$Natural V$$ and $$Organic V$.$ The following sales forecast for both products was decided on for the financial year January $1,2020$ to December $31,2020$:

Details Quarter $1$ Quarter $2$ Quarter $3$ Quarter $4$ Total

Natural V $6,0005,5004,5007,00023,000$

Organic V $4,2004,0005,0004,70017,900$

Notes:

$($a$)$ The company planned to sell one unit of Nature V for $$450$ and one unit of Organic V for $$350$ during $2020.$

$($ii$)$ The sales forecast for the first quarter of $2021$ is $6,000$ units of Nature V and $4,500$

units of Organic V$.$

$($iii$)$ The closing stock level for both products at the end of each quarter is to be held at a

level equal to fifteen percent $(15\%)$ of the budgeted sales for the next quarter.

$($iv$)$ At the start of $2020$ there were in stock $450$ units of Nature V and $620$ units of

Organic V$.$

$($v$)$ To make one unit of Nature V $(3)$ units of raw material AB are required, while four $(4)$ units of raw material BC are required to make one unit of Organic V$.$

$($vi$)$ The cost of raw material AB Is $$70$ per unit, while the cost of raw material BC is $$60$

per unit.

$($vii$)$ Closing raw material stocks in units in store at the end of each quarter is to be

equivalent to twenty percent $(20\%)$ of the forecasted sales for the preceding quarter.

$($viii$)$ Budgeted sales for the fourth quarter of $2019$ were Nature V$,3000$ units and

Organic V is $4,000$ units.

$($viii$)$ At the start of $2020$ there $1,500$ units of raw material AB and $2,400$ units of raw

material BC in store.

Required:

$($a$)$ The sales budget for both products for $2020.$

$($b$)$ The production budget for both products for $2020.$

$($c$)$ The direct raw materials usage budget for both products for $2020.$

$($d$)$ The raw material purchase budget for both products for $2020.$