Make it Sew Ltd. manufactures sewing thread in a variety of colours and thicknesses. The following questions are inter-related regarding its coming year's budget Required: 1. What is the total Sales Budget if the company is expected to increase sales next year by 6% over the current year sales of $525,000? (1 mark) 2. What will budget unit sales be if the company sells its bobbins of thread for $3.00 each? (1 mark) 3. Calculate the required production for the year if the company's beginning inventory is expected to be 5% of the budget unit sales for the coming year, while ending inventory is to be reduced to 3% of the budget unit sales for the coming year. (3 marks) 4. Calculate the budget amounts for direct materials, direct labour, and overhead based on the following assumptions (round your answers to two decimal places) Raw materials cost $52.50 per kg and each unit of production uses 10g of raw material. No ending material inventory is required. For each unit of production, three minutes of direct labour is needed at a rate of $15 per hour. Overhead is applied at rate of $0.10 per machine minute of production and it takes two minutes of machine time to produce one bobbin