Prepare a Master Budget for the month of January 2022, based on the information given below:

Sales information

Sales Sales for November 2021 (Actual Sales) () Sales for December 2021 (Actual Sales)() Product A 25000 28000 Product B 42000 48000 Product C 19000 22000 Product D 28000 29000 Note 1: The sales for next month is derived as (Avg + 10% (Avg)) of the previous two months Note 2: Product B has planned to invest in sales and distribution of 6000 in Jan 2022, so expecting a sales increase of 11000 extra for the corresponding month. Note 3: Product A always see a decline of 5000 from the projected value during January 2022 Note 4: Product C and D has not changed from projections.

Other Information: (Products - A, B, C, and D are produced in the same factory, therefore consider the costs under single budget) Sales (A, B, C, D) = XXXX (Derive from sales budget) Direct material cost = 19000 (+ 10% on sale of Product D) Labour (Direct 10% on Sale of ABCD; Indirect on sale of 15% of ABCD) Officer Manager Salary = 15000/month Depreciation on machinery = 60000/year Light and power = 90000/year Calculate the Net profit. Comment atleast three managerial implications from the solution.