Required Use the relevant information provided above to prepare the following budgets for 2020: 1.1 1.2 1.3 1.4 Sales budget Production budget Direct materials purchases budget Direct labour budget (2 marks) (10 marks) (8 marks) (10 marks) Thandeka Ltd manufactures two products. The following information is available for the financial year ended 31 December 2020: Sales: Product Product A Product B Materials quantity requirements and unit costs: The selling prices per unit are R150 and R100 for Product A and Product B respectively. All goods are sold for cash. Inventories of materials: Labour requirements and hourly rates: South Africa Zimbabwe 5000 6000 Product A Product B Material cost per kg Product A Product B Hourly rate 6000 9000 Tap 3Kg 2Kg R14 Opening inventory (01 January 2020) Closing inventory (31 December 2020 Material Department A 2 hours 1,75 hours R10,00 Kap 1Kg 1Kg R2,50 Department B 0,5 hours 0,5 hours R9,00 Tap 10000 kg 12000 kg Kap 2000 kg 2500 kg