QUESTION THREE: BUDGETING IN A MANUFACTURING FIRM Victoria Square Cleaners Pty Ltd produces two cleaning products and sells them to industrial cleaning businesses. Budget estimates for the coming year are as follows. Finished goods Sales volume Selling price Product (units) per unit Miracle 120,000 $85.00 Foamy 385,000 $50.00 Direct material Required inventory end of year (units) 1,000 12,750 Inventory beginning of year (units & dollars) 2,000 @ $45= $90,000 2,750 @ $20 = $55,000 Direct material per unit of finished product (litres) Required inventory Inventory beginning of Cost per end of year year Material litre Miracle Foamy (litres) (litres) Alpha $1.50 6 Beta $1.00 4 Gamma $3.00 Delta $2.50 3120 6426 30,000 20,000 5,000 4,250 3,000 5,500 5,000 8,000