Question 2: (25 marks) Al Zadjali LLC manufactures two products, Ping and Pong. Following data is available for next year. Ping Pong Expected sales 2000 Units 1500 Units Expected selling price Omani Rials 20 Omani Rials 30 Opening stock 100 Units 200 Units Expected closing stock 300 Units 400 Units Wage rate per hour labor time required per unit Omani Rials 10 per hour Omani Rials 15 per hour 1 hour 2 hours Materials required per unit 3 kg 4 kg Required: A. Prepare following budgets: 1. Sales budget 2. Production budget (5 Marks) (5 Marks) (5 Marks) 3. Labor rate budget 4. Material Usage budget (5 Marks) B. List any two disadvantages of preparing budgets. (5 Marks)