QUESTION 1 BlankyZ Ltd is a local company that manufactures soft stuffed blankets for babies and toddlers. They produce stuffed blankets with built-in pillows from fluffy material printed with fun pictures and colours. BlankyZsestimated sales for the 2020/2021 budget are 12,000 units at R180 each The cost to produce one blanket is outlined as follows: Printed Material 4 m at R11 per meter R44.00 Stuffing 1.5 kg at R8 per kg R12.00 Seamstress Wages 2 hours at R12.00 per hour R24.00 Overheads 2 hours at R6 per hour R12.00 On 29 February 2020, the following appeared in the BlankyZ statement of financial position: Inventory: Printed Fabric R13,000 Stuffing R4,200 Finished toys R9,600 Budgeted closing inventories for 2021: Printed Fabric R7,000 Stuffing R1,500 Work in Progress - Finished Goods R2,000 Marketing costs are R1,200, and Administrative costs are R2,400. Required: 1. Calculate the cost to produce one unit (blanky). 2. Sales budget; 3. Production budget (units); 4. Raw material purchases budget;