Unique Bakery Ltd sells two types of grant wedding cake called. Delight and Grandeur. The current year [2022) budgeted sales quantity for Delight and Grandeur is 500 units and 700 units respectively. The sales quantity is expected to increase by 10% for the next year [2023). The current selling price per cake for Delight and Grandeur is $1,000 and 51,500 respectively. The company expects to increase all selling prices in the next year by 20% to cope with rising costs of baking ingredients, decoration items and display materials. The company will have an opening inventory of 60 units and 40 units of Delight and Grandeur respectively at L" 1;\"2023. The company wants to maintain a closing inventory level at 3 \"12; 20231 equivalent to two [2) weeks ofsales for each of the products. (assume: 52 weeks in a year and round-up your answer to the nearest whole number no decimal point)) However1 there were some damaged cakes in the opening inventory ofDelight by 20 units and Granduer by 10 units, which is not accounted yet in the company's inventory records. The company also anticipates stock losses during the year 2023 due to mishandling and pilferages of 9 units for Delight and 20 units for SBC. Additional information is given below about the raw materials required to produce both cakes. lDther related production and nonproduction costs are also given below. Per cake of nished good: Delight Grandeur Direct material X [in kg} 3.0 2.5 Direct material Y [in kg) 4.5 3.2. Direct labour (minutes) T2. 78 Direct Materials: X Y - Desired closing inventory {in kg) 425 742 - Opening inventory {in kg) 400 620 Standard rates and prices: Direct labour rate {hourly} $20.00 per hour Direct material price X $15.00 per kg Direct material price Y $22.00 per kg Production overheads Variable $11.00 per direct labour hour - Fixed $20.00 per direct labour hour Non-production overheads - Variable $70,075 - Fixed $190000 Required: Prepare the following operational budgets for the year 2023: a) Sales Budget In) Production Budget (no decimal point) e} Raw Material Usage and Purchase Budget d) Direct Labour Budget e} Total Overheads Budgets