Question 4: (24 marks) NorthGreat company produce and sell bamboo frame for $40 each. Requirements of direct materials and direct labour to produce each bamboo frame are as follows: Direct material 6.4 linear feet of bamboo at $3.2 per foot Direct labour 0.8 hours at $19.20 per hour The following table shows the planned inventory levels of the company: Raw material Finished goods Beginning balance Ending balance Beginning balance Ending balance March 288 324 80 100 April 324 408 100 120 May 408 468 120 160 June 468 474 160 150 July 474 484 150 August 484 502 150 170 170 Expected unit sales (number of frames) for the following months March April May June July August 440 400 480 640 600 680 The company usually use a single application rate of $0.48 per unit produced for variable manufacturing overhead. General manager predicts that the annual fixed manufacturing overhead will be approximately $11,520 for the coming year's expected production of 6,000 units. Expected monthly expenses of selling and administrative are estimated $1,040 per month plus $0.90 per unit sold. Required: Part 1. Prepare the following for North Great for the second quarter (April, May, and June). Include each month as well as the second quarter total for each budget. Sales budget. 14 marks