Zed. Mfg. Co. Ltd. manufacture and sells a single product A.

1. Sales budget for the year 2021 Quarter wise is as follows: Q1 12,000 units; Q2 15,000 units; Q3 16,500 units; Q4 18,000 units.

2. Opening stock of finished goods on 1^st Jan is 4,000 and budgeting closing stock on 31^st Dec. is 6,500 units

3. Production schedule provides for 2/3^rd of current quarters sales demand + 1/3^rd of next quarters sales.

4. Standard material requirement p.u. is 10 kg @ Rs. 50 paise per kg.

5. Direct labor requirement is 1.5 hours @ Rs. 4 per hour

6. Variable overheads 1.5 hours @ Rs. 1 per hour.

7. Fixed overheads Rs. 180,000 per annum.

You are required to prepare the following:

a. Quarter wise Production Budget (units) for 2021

b. Cost budget direct material, direct labor, variable overheads and fixed overheads

c. If budgeted selling price is Rs. 17 p.u., determine budgeted profit for the year.