Question 4 [ 25marks] a) Kofi Brokeman Ltd manufactures four products using the same machinery. The following details relate to its cost and sales per unit of each product: Fandango FanChoco Fanice Choco Malt GH GH GH GH Selling price 28 30 45 42 Direct material 5 6 8 6 Direct labour 4 4 8 8 Variable overhead 3 3 6 6 Fixed overhead* 8 8 16 16 Profit 8 9 7 6 Labour hours 0.25 0.25 0.50 0.50 Machine hours 4 3 4 5 Units Units Units Units Maximum demand per week 200 180 250 100 *Fixed costs are GH8,000 per week. There is a maximum of 2000 machine hours available per week. Requirement: Determine the production plan that will maximize the weekly profit of Kofi Brokeman Ltd and prepare a profit statement showing the profit your plan will yield. (15 marks) b) Explain the five (5) key functions of budgeting in an organization. (10 marks