Question One The following information relates to JB Limited which manufactures three products A, B and C. Sales Product A B Quantity (Units) 1,000 2,000 1,500 Unit Price (Sh.) 100 120 140 Materials used in company's products: Material Unit cost Quantities used in Sh.9 M3 (Units) Product A B Finished stocks: Quantities 1st January 31st January Material Stocks M1 Sh.4 M1 (Units) 4 3 2 Product A (units) 1,000 1,100 M1 (Units) 26,000 31,200 M2 Sh.6 M2 (Units) 2 3 1 Product B (units) 1,500 1,650 M2 (Units) 20,000 24,000 2 1 Product C (units) 500 550 M3 (Units) 12,000 14.400 1st January 31st January Required: Using information given, prepare budgets for the month of January for; a) Sales in quantity and sales value (5 marks) b)Production quantities (5 marks) c) Material usage in quantities (5 marks) d)Material purchases in quantity and value