The accountant at SAC is in the process of compiling the annual budget. She asks you to assist with the labour budget. You gather the following information: Budgeted production units 15,000 Labour hour per unit 3 Number of employees 18 Weekly hours per employee (9 hours per day) 45 Number of weeks per annum 52 Working days per week 5 Number of public holidays falling on workdays 10 Leave entitlement: 15 workdays per annum per employee. (Excluding any public holidays) 15 Normal rate 75 Overtime rate 1.5 times normal rate Efficiency 80% Required: 1. Calculate the labour budget: hours and rand value