Question 3 Fella Craft Sdn Bhd produces two home decoration products for domestic market namely NEAT and TIDY. The production of the products consumes two types of materials (Material X and Material Y) and worked by two types of labour (skilled labour and semi-skilled labour) The following information is the estimate productions and sales of the products for the month of December 2020 TIDY 3.200 units RM 480 RM 320 800 NEAT Sales in units 2,400 units Standard selling price per unit RM 570 Production cost per unit RM 380 Stock at production cost (1st December 2020) 400 Stock at production cost (31" December 2020) 500 Material X used for each unit 2 meters Material Y used for each unit 1 meter Skilled labour hours worked for each unit 10 hours Semi-skilled labour hours worked for each unit 6 hours 1,100 3 meters 2 meters 7 hours 5 hours Additional information: 1. Purchase cost of Material X and Material Y is RM 20 per meter and RM 30 per meter respectively 2. Skilled labour will be paid at RM 5 per hour, while semi-skilled labour will be paid at RM 3 per hour. 3. Stocks of materials at purchase cost are as follows: 3. Stocks of materials at purchase cost are as follows: Stock at 1st December 2020 Stock at 31 December 2020 Material X 1,000 1,500 Material Y 2,000 3,000 Required: (a) Based on the following information given, prepare for the year ended 31 Dec. 2020 the followings: EIB30503_Management Accounting Page 5 of 6 JANUARY 2021 CONFIDENTIAL Sales budget ii Production units budget iii. Material usage budget Material purchase budget iv. V. Direct labour cost budget (15 marks)