Question 1: (25 marks) Nasar LLC manufactures two premium ice-creams, Chocolate and Vanilla. The following data is given for the year 2019. Units to be sold Expected selling price Opening stock Expected closing stock Wage rate per hour labour time required per unit Materials required per unit Material cost per kg Required: Chocolate 3,000 Units OMR 5 0 Units 100 Units Vanilla 8,000 Units OMR 3 100Units 300 Units OMR 6 per hour OMR 2.5 per hour 4 hour 2 hours 5 kg 2 kg OMR 4 OMR 2 A. Prepare following budgets: 1. Sales budget (3 Marks) 2. Production budget (4 Marks) 3. Labour rate budget (4 Marks) 4. Material Usage budget (4 Marks) B. For the following costs, you need to Discuss, illustrate with a numerical example and prepare a chart reflecting the numerical example. Total Fixed Cost Stepped Fixed Costs (10 Marks)