4. Data regarding Cegis Corporation are as follows: (i). Budgeted Sales for the year 2022 are: January...............6,000 units February..............6,500 units March ..7,500 units April.7,500 units May ..6,000 units June.......... ...8,000 units (ii). Selling Price per unit is usually 110 Taka. However due to increase in demand, the price was increased to 140 Taka from the month March. (iii). 30% of the sales each month are in cash and the rest are on account. The cash sales are received the day the sales are made and the on account's collection pattern are given in instruction no. (iv). (iv). On account collection patterns are as follows: 40% is collected in the following month of sales and the remaining 60% is collected the second month following the month of sales. There were no Accounts receivables at the beginning of the year. (v). The company wants ending inventory of finished goods to be equal to 30% of the following (v). The company wants ending inventory of finished goods to be equal to 30% of the following month's estimated sales in units. (vi). One unit of finished goods require 0.75 hours of direct labour, and the company wants to pay 25 Taka per direct labour hours. The company has a labour incentive policy where if in any month the labours work for more than 7500 hours, for the additional hours worked, the labours will be paid at an hourly rate of 28 Taka. Page 4 of 5 Required: a. Prepare the Schedule of Expected Cash Collection for the first quarter of 2022. 5 marks b. Prepare the Production Budget and the Labour Budget for the first quarter of 2022. 10 marks