Question 5 (8 marks) ABC company produces and selling a single product. The following information relates to their budgeted operations for the 2023 financial year. Page 15 of 16 FACULTY OF COMMERCE, MANAGEMENT AND LAW A closing inventory of 15% of the next period's sales is required. The forecast sales for Quarter 4 are 36000 units. From the company's history it was observed that the sales units for Quarter 4 of any year are the same. The standard material cost of one unit of finished product is