Question 4 Topman Company Limited produces two products, Alpha and Beta. The estimates sales for next year are 5,000 units of Alpha and 3,000 units of Beta and is expected to be sold at GH 92.5per unit and GHe 95 per unit respectively. The following budgeted data were obtained from the various departments. Opening Stock Closing stock Stock Finished Products: Alpha (units) Finished Products: Beta (units) 100 110 500 350 Direct Material: X (kg) 5,000 6,000 Direct Material: Y (kg) 5,000 1,000 Requirement per unit Alpha Betal Raw material X (GHe 0.72 per kg) 12 kg 9 kg Raw material Y (GH 1.56 per kg) 6kg 8 kg Skilled Labour (GHe2.20 per hr) 8 hrs 12 hrs Unskilled Labour (GH1.55 per hr) 4 hrs. 10 hrs Production overhead are absorbed using the following absorption rate Variable Production Overhead Fixed Production Overhead GHe 1.54 per labour hour GHe 0.54 per labour hour You are required to prepare the functional Budget for management usage. a) Sales Budget b) Production Budget c) Direct material Usage Budget d) Material Purchase Budget e) Direct Labour Budget 1) Production Overhead Budget 2) Administration and Sales distribution Overheads budget (1 marks) (2 marks) (3 marks) (3 marks) (2 marks) (2 marks) (2 marks) (Total: 15 marks) End of Paper