Material M1 M2 M3 M4 M5 Product Cost per 50 cents 35 cents 60 cents 55 cents Rs. 1 material unit Jass Mass Vass 325 4 6 2 1 3 4 2 1 5 2 3 3 1 The standard labour usage for each product and labour rates are as follows. Jass 2 Hours Mass Vass 4 Hours 3 Hours Standard labor rate per hour is Rs. 2.00 Budgeted cash flows are as follows. Quarter Budgeted sales Budgeted Payment for Other expenses 1234 (Rs.) 250,000 purchases (Rs.) salaries (Rs.) (Rs.) 100,000 100,000 30,000 300,000 120,000 110,000 25,000 280,000 110,000 120,000 18,004 246,250 136,996 161,547 3,409 Cash balance as at 31st December 2019 was Rs.8500. a. You are asked to prepare the sales budget, production budget, material purchase budget, direct labour budget and cash budget for the year ending 31" December 2020. (18 marks) b. Discuss the expected performance of the company at the budget committee meeting. (07 marks) (35 Marks)