Question 3 ( 30 Marks - 54 Minutes) Supp 2016 Urban-X Limited manufactures and sells t-shirts to students called Urban-X (UX) and UrbanLegend (UL). In September 2016, the management accountant in the budgeting department gathered the following data to prepare budgets for 2017 : Projected sales for 2017 is estimated at 60000 units of UX at a unit price of N$70 and 40000 units of UL at a unit price of N$100. It is expected that inventories are: In order to produce one unit of UX and UL, the following raw materials are used: Projected data for 2017 with respect to raw material are as follows: Projected direct-labour requirements and rates for 2017 are as follows: Manufacturing overhead is allocated at the rate of N$2 per direct labour hour