A. Rahman food Sdn Bhd is a company that produce varieties of frozen food in Jerantut, Pahang. As a team member of its budget committee, you are given the following information regarding the expected cash flow for the months of March to December 2020: Month Overhead Sales March April May June Wages Salaries 6,000 8,000 10,000 9,000 & Material purchases 20,000 30,000 25,000 35,000 10,000 12,000 16,000 14,000 30,000 40,000 60,000 50,000 July August September October 12,000 10,000 9,000 9,000 30.000 25,000 25,000 30,000 18,000 16,000 14,000 14,000 70,000 60,000 50,000 50,000 1. Wages & salaries are paid in the month in which they are incurred. 2. All material purchases are on credit terms. 50% of this purchase will be paid one month after the purchase. The remaining balance will be paid two months after the purchase. 3. Included in the overhead budget is RM2,500 depreciation of plant & machinery. Overhead expenses will be paid in the month they are incurred. 4. It is estimated that 50% are cash sales. 40% of the debtors will pay in month following sale with 5% discount on cash discount to attract early settlement. The remaining 60% will be collected two months after sale without any discount. 5. The company is expected to buy new furniture & fittings costing RM30,000 in September in which RM15,000 will be paid in the month of purchase & the remaining will be paid equally in the following 5 months. 6. Interest on fixed deposit of RM5,000 from Bank Rakyat will be received in September. 7. It is expected that cash balance as at 1 July 2016 will be RM20,000. Required: i. Prepare cash receipt & cash disbursement budget for Rahman Food Sdn Bhd for the months of July, August & September 2020. B. Hazelnut wishes to calculate an operating budget for the forthcoming period. Information regarding products, costs and sales level is as follows: A B Product Materials required X(kg) Y(litres) Sales (units) Opening inventory (units) 4 2 4,000 6 8 3,000 200 400 Closing inventory of materials and finished goods will be sufficient to meet 10% of sales. Opening inventory of material X was 600 kg and for material Y was 2,000 litres. Material prices are $10 per kg for material X and $8 per litre for material Y. Produce the following budget: (i) Production budget Product A: Product B: units units $ (ii)Materials budget purchase Material X: Material Y