Exercise N1 XYZ sells a product with 45 SAR as unit selling price and is estimating sales of 15.000 units in January and 18.000 in February. Each unit produced consists of 2 kg of material "A" costing 2,50 SAR per kg, 3 liters of material "B" costing 3 SAR per liter, and 30 minutes of direct laborat a labor rate of 18 SAR per hour. Desired inventory levels are: 31 Jan 28 Feb 31 Mar Beginning inventory finished goods 4.500 4.900 5.000 Direct material "A" 8.500 9.100 9.200 Direct material "B" 11.200 12.000 13.000 Prepare a sales budget, production budget, direct materials budget for "A" and "B". and a direct labor budget. Exercise N2 Prepare a budgeted income statement using the information shown. Sales (Units) 15.000 Unit selling price (SAR) 40 Direct materials per Unit (SAR) 2 Variable S&A expenses per Unit (SAR) 2 Direct labor per Unit (hours) 0,5 Fixed S&A expenses (SAR) 20.000 Direct labor rate per hour 20 Taxes (15% of income before taxes) Manufacturing Overhead (SAR) 15.000 2