QUESTION 4 Kinsella & Hyde P/L has provide the following extract from its annual sales budget concerning the company's single product, Hydro-Lite. January February March April May Sales units 10,000 12,000 10,000 11,000 10,000 Sales $ 350,000 420,000 380,000 418,000 380,000 Management requires inventory of Hydro-Lite on hand at the end of each month to be equal to 20% of the next month's sales units. Inventory on hand at 31 December is 1,800 units. Each unit of Hydro-Lite requires 2 kilograms of direct material and takes 15 minutes to make. Direct material currently costs $2 per kilogram. Direct labour cost is currently paid at $12.00 per hour. 4 There are no expected cost changes over the budget period. Required: a. b. Prepare the Production Budget for the period January - April Prepare the direct materials purchase budget for the quarter ending 31 March, showing details of quantities and cost for each month in the quarter Prepare the direct labour budget for the quarter ended 31 March, showing details of hours c. and cost for each month in the quarter. a. Kinsella & Hyde Production Budget for the months of January to April January February March April ] ] e b. Direct Material Budget for the quarter ended 31 March January February March Quarter LIL tit c. Direct Labour Budget for the quarter ended 31 March January February March Quarter til