QUESTION 8 Suria Limited manufactures two products, KIKI and KAKA. The following information is available for the production for each unit of the products:- Standard cost for each product are as follows: Direct KIKI KAKA material: 24 kilos at RM2.00 per kilo 30 kilos at RM2.00 per kilo Y 10 kilos at RM5.00 per kilo 8 kilos at RM5.00 per kilo Direct wages Unskilled 10 hours at RM3.00 per 7 hours at RM3.00 per hour hour Skilled 6 hours at RM5.00 per 5 hours at RM5.00 per hour hour The projected data for the month of January 2021 are as follows: PRODUCT KIKI KAKA RM RM Finished goods stock at production cost: Opening stock 152,000 256.000 Closing stock 190,000 352,000 Production cost per unit 380 320 Sales at standard sales price 1,368,000 1,536,000 Standard sales price per unit 570 480 MATERIAL Y RM Stock at standard price 1 January 31 January 60,000 70,000 RM 125,000 135,000 a) Using the information given above, you are required to prepare for the month of January 2022 i) Production Budget ii) ) Material usage Budget iii) Material purchase Budget iv) Direct labour Budget 92