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Variable manufacturing overhead costs is RM384,000 per quarter, while fixed factory overhead costs is RM214,000 per quarter (including non-cash expenses of RM156,000) and it is allocated based on total units produced. Following is some financial information: - The initial cash balance is RM1.8 million. - Sales are made on credit, with 50% collected in the current period and the remainder in the following period. The previous quarter's sales totalled RM8,400,000. There are no outstanding debts. - Purchases of direct materials and labour costs are paid for in the quarter in which they are made. - Manufacturing overhead expenses are paid in the quarter in which they are incurred. - All selling and administrative expenses are fixed and paid in the quarter in which they are incurred. They are budgeted at RM340,000 per quarter, including depreciation of RM90,000. Required: Prepare the following for the third quarter ending 30 September 2023: a) Sales budget (1 marks) b) Production budget in units (3 marks) c) Direct materials usage and purchase budget (Granite, Glass \& Handles) ( 8 marks) d) Direct labour budget ( 2 marks) (Total 14 marks) Task 1b: CLO3 Question Following is some financial information: - The initial cash balance is RM1.8 million. - Sales are made on credit, with 50% collected in the current period and the remainder in the following period. The previous quarter's sales totalled RM8,400,000. There are no outstanding debts. - Purchases of direct materials and labour costs are paid for in the quarter in which they are made. - Manufacturing overhead expenses are paid in the quarter in which they are incurred. - All selling and administrative expenses are fixed and paid in the quarter in which they are incurred. They are budgeted at RM340,000 per quarter, including depreciation of RM90,000

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