6. (a) Perniagaan Satu has the following information: In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales. Required: Prepare a purchases budget for July through September. [20 marks] (b) Describe with examples operating and financial budgets. [10 marks] (c) Gamba rajah manufactures picture frames. Sales for August are expected to be 10,000 units of various sizes. Historically, the average frame requires 4 metres of framing, 1 square metre of glass, and 2 square metres of backing. Beginning inventory includes 1,500 metre of framing, 500 square metres of glass, and 500 square metres of backing. Current prices are RM0.30 per metre of framing, RM6.00 per square metre of glass, and RM 2.25 per square metre of backing. Ending inventory should be 150% of beginning inventory. Purchases are paid for in the month acquired. Required: (i) Determine the quantity of framing, glass, and backing that is to be purchased during August. [15 marks] (ii) Determine the total costs of direct materials for August purchases. [5 marks]