Sun Goddess Limited manufactures winter sunglasses. Two components are required:Component : Frames $-$ cost R$55$ per sunglasses. Component: Tinted glasses $-$ R $95$ per glasses. Additional information: Sun Goddess Limited expects to sell $800$ sunglasses in January $2023.$ There are $230$ sunglasses on hand on $31$ December $2022.$ Sun Goddess Limitedexpects that there will be $180$ sunglasses on hand at the end of January $2023.$ The entity does not have any frames or tinted glasses on hand as it uses a just$-$in$-$ time inventory management system. It therefore also does not expect to have anyraw materials after production. Each sunglass requires $80$ minutes of direct labour. Direct labour has a cost ofR$160$ per hour. A pair of sunglasses is sold for R$450.$ Sun Goddess Limited uses direct costing when determining the cost of its products. Fixed production overheads are R$6500$ per month, while production overheadsare R$9$ per sunglass.REQUIRED:Prepare the following budgets for Sun Goddess Limited for January $2023$:$2\mathrm{.}1)$ Production budget $(5$ marks$)2\mathrm{.}2)$ Production cost budget $(11$ marks$)2\mathrm{.}3)$ Briefly describe three general benefits of firms using a just$-$in$-$time inventory management system