Furniture Land Limited was established in Newry in 2020 and currently manufactures two types of display cabinet (medium and large) for international markets. The company operates a variable costing system to value production and inventory, and prepares its budgets in advance for each quarter. The accountant has provided a range of information for the next quarter to 31st December 2021 as follows: Projected sales for the next four months: Medium 247,500 184,500 270 000 216 000 display cabinet Large display 262,500 181,250 262,500 218,750 cabinet | | Medium display cabinets sell for 180 each and large display cabinets sell for 250 each. The standard cost card for each of the display cabinet is shown below: Medium Large display display cabinet cabinet Direct materials: Plywood sheets (@ 48 per sheet) 72.00 96.00 Screws (@ 0.20 each) 5.60 7.20 Direct labour (@ 32.80 per hour) 57.40 Variable overheads (@ 12 per direct labour hour) M 181.60 The company estimates that at 1st October 2021 inventory levels will be: Medium display cabinets 750 Large display cabinets 550 Plywood sheets 1,000 Screws 2,500 To ensure that it maintains sufcient inventory of each type of display cabinet, it is company policy to hold 20% of the next month's unit sales in closing inventory. To ensure that it maintains sufcient inventory of each type of display cabinet, it is company policy to hold 20% of the next month's unit sales in closing inventory. For the plywood sheets and screws, the company intends to double inventory held at 1St October 2021 and maintain this level of closing inventory each month for the foreseeable future. Requirement (a) Prepare a total production budget in units for the quarter ending 31st December 2021. (b) Prepare a total materials purchase budget (in units and E) for each material for the quarter ending 31 st December 2021. (c) Prepare a total labour cost budget (in hours and E) for the quarter ending 31st December 2021 . (d) Prepare a total variable overhead cost budget for the quarter ending 31st December 2021