The management accountant of Mega Ltd, a local manufacturing firm, is currently preparing the operating and financial budgets for the year ending 30 June 2023 for discussion and approval in the next board meeting. She has just collected the following budgeted financial data from various departmental managers and would like to seek your assistance in preparing some budgets in the entire Master Budget: 1) Selling price per unit: Product X $4,000 Product Y $9,000 I 2) Sales demand: Product X 1,000 units Product Y 500 units 3) Direct materials B2 required per unit: Product X 5 kg. 3 kg. Product Y 2 kg. 6 kg. 4) Direct material costs: Al B2 5) Direct labour hours: Product X Product Y 6) Direct labour rate per hour $30 per kg. $20 per kg. 4 hours 10 hours $90 7) Raw material inventories: 1/7/2022 A1 (at $30 per kg.) 400 kg. B2 (at $20 per kg.) 200 kg. 30/6/2023 300 kg. 500 kg. 8) Finished goods inventories: Product X Product Y 50 units 1/7/2022 200 units 30/6/2023 100 units 150 units