Required: prepare a labour budget for Product S and Product T. A company makes and sells two products, Product S and Product T. Its sales budget is to sell 40,000 units of Product S and 10,000 units of Product T. The expected opening inventories of finished goods are 500 units of Product S and 1,000 units of Product T, and the plan is to double finished goods inventories by the end of the budget period. The direct labour hours required to make one unit of each product, and their cost, are as follows. A company produces Products A and B and the budgeted production in the coming year is 5,000 units of A and 10,000 units of B. Products A and B require the following quantities of raw materials to produce one unit. Raw material X costs $10 per kg and raw material Y costs $20 per kg. Data relating to opening and closing inventory is as follows. Required Prepare the materials usage and purchases budget for the year