Question 14 (25 Marks, 45 Minutes) Supp 2018 14.1. ABC Ltd manufactures a single product, product P using material X. The company procures material X from a local supplier at N$ 5 per kilogramme. Each finished good of product P requires three kilogrammes of material X. Each finished good of product P requires two hours to complete. The company intends to pay an hourly rate of N$ 10. During the month of December 2018, the company budgets to sell 50 units of product P. The following table summarises the budgeted data for November and December 2018: "PRODUCT 30 November 2018 Raw material X (kilogrammes) Finished goods (units) 80 20 31 December 2018 Raw material X kilogrammes) 30 Page 51 of 71 Finished goods (unito) Selling price per unit (NS) 20 150.00 REQUIRED. Prepare the following budgets for December 2018 141 Sales budget Production budget (Unito 143 Material purchase Budget INSI Labour budset NS TOTAL MARKS FOR QUESTION 14.1. MARKS 1.5 2.5 5 12