2. Mr. Alam is the management accountant of Gallery Apex. Mr. Alam has prepared the following estimates for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 5,000 8,000 7,000 6,000 Units to be produced.... In addition, the beginning raw materials inventory for the 1st Quarter is budgeted to be 6,000 grams and the beginning accounts payable for the 1st Quarter is budgeted to be Tk. 2,880. Each unit requires 8 grams of raw material that costs Tk. 1.20 per gram. Mr. Alam desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 8,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labor-hours and direct laborers are paid Tk. 11.50 per hour. Answer the following questions: [3+2+2=7] a) Prepare the direct materials budget and schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year for Gallery Apex. b) Prepare the company's direct labor budget for the upcoming fiscal year