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2) The following information is given: Budgeted units to be sold for each quarter of the year 2022 are listed as below: The selling price

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2) The following information is given: Budgeted units to be sold for each quarter of the year 2022 are listed as below: The selling price is RM70 per t-shirt. Assume that company policy requires 20% of the next quarter's sales in ending inventory and that the beginning inventory of t-shirts for the first quarter of the year was 350 units. Assume also that budgeted sales for the first quarter of 2023 are estimated at 8,000 units. Required: a) Prepare a sales budget for each quarter and for the year 2022 . (3 marks) b) Prepare a production budget for each quarter and for the year 2022. (10 marks) (Total: 35 Marks)

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