ABC Inc has the following estimates for the next four months: Sales units Production units Raw material purchases in units Wages Variable overheads Fixed overheads March April May June 94 84 96 80 90 75 90 70 80 80 85 85 2550 2875 3850 3850 1020 1150 1540 1540 3200 3200 3200 3200 219 45 Estimated sales price Esitmated raw material price per unit Wages and overheads are paid the month they are incurred All sales and raw material purchases are on credit: Debtors are allowed Raw materials are purchased on Cash from a loan of Machinery costing An interest payment A dividend of Depreciation for the four months, including that of the new machinery is: 2 months credit 1 month credit 130 000 is due to be received on 1 May 122 000 will be received in May and paid for in June 9 000 wil be paid in June 12 000 will be paid in June 1 200 per month (new machine does't yet affect this) Balance sheet information: Beginning cash balance is: Beginning accounts receivable, excluding bad debts Beginning accounts payable due to raw material purchases are: Old bad debts in A/R, to be written off in June Required: A) Construct the sales budget (in ) for the four months B) Construct a raw material purchases budget C) Construct a cash budget for the four months 6 750 18 080 (50% are from last months sales) 3 900 3 000