IMAC Co. manufactures a single high-quality product The Bath Mate. The business uses a system of budgets and budgetary control as the basis of its management accounting system reporting to management on a quarterly basis. Various levels of management are involved with the planning process to ensure that the budgetary targets are acceptable and realistic. The following information relates to the four quarters of 2020: a. Sales in quarter 1 is estimated at 3,000 units of each quarter

Prepare the following functional budgets for each of the quarters for 2020 and in total: a. Sales budget b. Production budget c. Material purchase budget d. Direct labour budget e. Manufacturing overhead budget