Maxim Ltd produces and sells two products X and Y. Budgeted sales for the next five months (April to August 2020) are as follows: April May June July August Sales of Product X (units) 5,000 6,500 4,800 5,600 6,000 Sales of Product Y (units) 3,600 3,000 4,000 4,200 5,000 The standard selling prices and variable costs of production of each product is provided in the table belowl Product X Product Y per unit per unit Selling Price 20.00 25.00 Variable Costs of production Direct Material A (0.50 per kg) 3.00 4.00 Direct Material 8 (1 per kg) 2.00 1.00 Direct labour (10 per hour) 2.50 3.00 Variable production overhead (4 per direct labour hour) 1.00 1.20