Question 3 (30 marks) A-Nasr Company produces Toaster Ovens and Bread Machines: Toaster Ovens Bread Machines Sale price $ 60 $100 Variable costs $ 35 $ 70 The company has 1,500 machine hours available. In one machine hour, Nasr Company can produce either 4 units of toaster ovens or 3 units of bread machines .Which model should Nasr (10 Marks) emphasize? Explain your answer B-AAA Company has estimated the following for the year 2019 for one of its products. (i) Sales Estimations First Quarter Second Quarter Third Quarter Fourth Quarter Expected Sales 1,000 1,100 1,200 1,300 (Units) Selling Price $ 20 $ 20 $ 20 $ 20 (ii) Inventory estimations Beginning inventory for first quarter: 200 units The company desires to have an ending inventory each quarter equal to 20% of the next quarter's sales. - The first quarter's sales for the following year 2020 is expected to be 1,700 units. Required: Prepare the Sales Budget and the Production Budget for 2019. (15 marks) The following information has been taken from a manufacturing company for the year 2019: Sales revenues 900,000 - opening inventory of materials 250,000 - closing inventory of materials 200,000 - opening inventory of finished goods 150,000 - closing inventory of finished goods 100,000 - cost of goods produced 650,000 Required: Calculate Cost of goods sold and gross profit for the year ended December 31, 2019. (5 Marks) [END OF QUESTIONS] GOOD LUCK