GOCL Companys management wants to prepare budgets for one of its products, for the quarter of April to June 2021. The company sells the product for 50 per unit and has the following expected sales (in units) for these months in 2021. April- 20,000, May- 25000, June-35000. July 40000. GOCL expects to have 5,000 units on hand at the beginning of the quarter, April 1. The firms policy is to have on hand at the end of each month inventory equal to 30% of the following months predicted sales (in units). Assume that GOCL uses a FIFO (first-in, first-out) cost-flow assumption. The company has both skilled and semiskilled factory workers. The production process uses 0.5 hours of semiskilled labour and 0.2 hours of skilled labour for each unit produced. The hourly wages are 8 and 12 for semiskilled and skilled labourers, respectively. On the basis of the preceding data and projections, prepare the following budgets for the quarter of April to June 2021. 1. Sales budget (in ) 2. Production budget (in units) 3. Direct labour budget (in )