Question (Homework): Ayesha Manufacturing Company, a manufacturing business that sells units, wants a master budget prepared for the first three months of this year (July, August and September) of the year 2020. The managers of the different departments have provided the following information: The Sales Manager has projected the following sales forecast: July 8,600 units August 9,600 units September 7,600 units Projected selling price is $95.00/unit Your Production Manager gave the following information: Ending Finished goods Inventory is to 10% of next month's sales. October's Projected Sales 9,000 units June's 2020 Ending Inventory was 1,200 units. The Manufacturing Manager has estimated the following: Each unit will require 150 grams of material at the rate of $0.20 per gram. (There is no opening or closing inventory or raw materials. The Personnel Manager has estimated that Direct Labour will be projected at: 1.50 hour of Direct Labour per unit Direct Labour Cost: $8.00/hour The Facilities Manager has estimated that the Manufacturing Overhead will be projected at: Variable Overhead Rate to be $6 per Direct Labour hours Fixed Overheads to be $5,600 per month Required: You need to make the following: 1- Sales budget 2- Production budget 3- Material budget 4. Labour budget 5- Manufacturing Overhead budget 6- Cost of goods produced budget