3a) Complete the operating statement that you have been provided with and answer the questions that follow: E5 PC5.5-5.7 Operating Statement of Healthfirst. Original budget Flexed Budget FAVOURABLE Actual Variance (ADVERSE) 5000 AED 6000 AED AED 200000 2280001 Units AED Sales revenue Variable costs -Material -Labour -Overheads Gross Profit General expenses Operating profit 50000 40000 15000 95000 62400 59000 16000 90600 40000 45400 550001 45200 SAID AUDIO AEDIA december 1,00 of these pants and the recruit Eddie Punks w palet . ADROS A. Ober AS - ALDI GARD Required: Complete the cash budget using the answer template below: E3 PC3.4-3.5; E6 PC6.1 October November December RECEIPTS Total receipts PAYMENTS Total payments Net cash flow Opening bank balance Closing bank balance 2 The owner has asked you to clarify some of the questions he has about budgeting and the costs of the new product: 2a) Explain who should be involved in setting the budget and why? E6 PC6.1 2b) What are the behavioural aspects of budgeting? E5 PC5.3 2c) How does the product life cycle of this new product affect budgetary control and forecasts and planning? E5 PC5.1 2d) What is a burgery common system and why is it 3a) Complete the operating statement that you have been provided with and answer the questions that follow: E5 PC5.5-5.7 Operating Statement of Healthfirst. Original budget Flexed Budget FAVOURABLE Actual Variance (ADVERSE) 5000 AED 6000 AED AED 200000 2280001 Units AED Sales revenue Variable costs -Material -Labour -Overheads Gross Profit General expenses Operating profit 50000 40000 15000 95000 62400 59000 16000 90600 40000 45400 550001 45200 SAID AUDIO AEDIA december 1,00 of these pants and the recruit Eddie Punks w palet . ADROS A. Ober AS - ALDI GARD Required: Complete the cash budget using the answer template below: E3 PC3.4-3.5; E6 PC6.1 October November December RECEIPTS Total receipts PAYMENTS Total payments Net cash flow Opening bank balance Closing bank balance 2 The owner has asked you to clarify some of the questions he has about budgeting and the costs of the new product: 2a) Explain who should be involved in setting the budget and why? E6 PC6.1 2b) What are the behavioural aspects of budgeting? E5 PC5.3 2c) How does the product life cycle of this new product affect budgetary control and forecasts and planning? E5 PC5.1 2d) What is a burgery common system and why is it