Q.1 The budget department of ABC Ltd., gathered the following information for preparing its budgets for forthcoming period. 1. Sales forecast Product Sales Quantity Selling price Inventories 01-01-2019 31-12-2019 Product-A 30,000 units Rs. 30 per unit. 5,000 units 10,000 units Product-B 40,000 units Rs. 40 per unit. 10,000 units 15,000 units Materials Purchase budget. 2. Material Product A 2kg 1kg Materials-X Materials-Y Inventories 01-01-2019 25,000kg 10,000 kg B 1kg 31-12-2019 30,000kg 15,000 kg Price per kg Rs.2.0 Rs.1.0 3kg 3. Labor budget. Product -A Product-B Hour per unit 2 hours 3 hours Rate per hour Rs 5 per hour Rs. 4 per hour 4. Factory Overhead Factory overhead rate is Rs.2 per direct labor hour. Required:- a. Prepare Sales budget product wise and total. b. Production budget in quantity product wise and total. c. Purchase budget in quantity and Rupees. d. Labor cost budget Rupees. e. Factory overhead budget Rupees. f. Manufacturing cost per unit of product-A, B and C