Quarter 1 Quarter 2 Quarter 3 Quarter 4Sales in units 40,000 48,000 60,000 52,000Sales price per unit RM6 Desired ending finished goods inventory 4800 6000 5200 4400Beginning finished goods inventory 4000 4800 6000 5200Material required per unit pounds 2 2 2 2Desired ending inventory 10800 13040 11280 12000Beginning inventory 16320 Inventory at end of previous quarterCost of Material per unit RM1.10 Direct labour hours per unit 0.1 0.1 0.1 0.1Direct labour rate per hour RM13 RM13 RM13 RM13Indirect materials RM0.20 per unit Indirect labor RM0.15 per unit Other RM0.35 per unit Salaries RM28,000 Rent RM22,000 Depreciation RM16,165 Using above information prepare following budget:a) Production budgetb) Direct material Budgetc) Direct labor budget