Question 5 A company manufactures and sells one product. At the end of the year, the managers were disappointed that the profit was lower than expected, despite the fact that sales had been higher than expected. The details are:- BUDGET ACTUAL Sales 2 000 units 40 000 2 500 units 45 000 Material Labour Fixed overheads Total costs 1 000 kg 2 000 hours 5 000 10 000 15 000 30 000 1350 kg 6075 2 400 hours 12 600 18 000 36 675 Profit 10 000 8 325 (A) Prepare a report that will explain the factors that have decreased the profit from the expected 10 000 to 8 325. (B) Discuss the process that is often used to prepare the Annual Budget of a company that manufactures and sells a large number of different products