Muri invecco produces Manual Cider from the marta Inuit in the Om Region The company purchases fruit from the communities in the surrounding areas and processed it into a cider that are sold in retail shops in Namibia Inventories refer to direct material and finished goods only. The following are estimated data for 2016: Sales - 1782 000 bottles at N$25 per bottle Finished goods in inventory 01 January 2016 165 000 bottles cider Page 41 of 71 O 31 December 2016 33 000 bottles of cider Direct materials Each bottle of cider requires 1.2kg of manula fruit a bottle and cap as well as packaging The inventories were as follows: Marula fruit kilograms) Bottles and caps (units) Packaging (units January 2016 16 500 22000 31 December 2016 5 500 11 000 22 000 44000 The estimated purchase prices for material are: Marula fruit N$2.40/kg Bottles and caps NS2.15 per bottle and cap Packaging N$1.80 per unit The company uses skilled, semi-skilled and unskilled labour in the production departments and labour unions have recently entered into an agreement with the organisation to pay the following rates Skilled labour consists of technicians) NS20 per hour Sem-skilled labour (production workers) - NS12 per hour Unstalled labour (cleaning of product) - NS7 per hour Each bottle of Marula Cider produced, requires 0,05 hours of skilled labour, 0.35 hours of skilled labour and 0.15 hours of unskilled labour. MARKS 2 REQUIRED: Based on the above information, prepare the following budgets Sales budget 72 Production budet 7.3 Direct Material purchases budget per material (both in quantities and Namibian Dollars) 24 Total direct labour budget 75 What is a master budget and why is it useful What we the advantages of preparin budget 12 7 2 4