Answer needed as soon as possible.

Based on the information given, a) PREPARE the following budgets: i. Sales Budget, ii. Production Budget, iii. Direct Material Usage Budget, iv. Direct Material Purchase Budget and v. Direct Labour Budget

b) DESCRIBE THREE (3) purposes of preparing budgets

Foodsburry is a business that specializes in selling and supplying chocolate cakes. This Business is well known by all residents of Shah Alam. In 2020. Foodsburry decided to Introduce their two latest products, namely, Chocolate Milk and Choco Bites in mid-2020. The following is a sales analysis of the two products, Unit sold June July Chocolate Milk 400 450 August 50% more than June September 20% less than the previous month Choco Bites 500 30% less than the previous month 20% more than the previous month 25% more than the previous month 20% less than the previous month 50% more than the previous month 20% less than the previous month October 420 November 25% more than June December 350 Additional information: Selling price for Chocolate Milk is RM 8.50 Selling price for Choco Bites is RM 5.20 Closing inventory for Chocolate Milk is 400 units and Choco Bites is 325 units. Opening inventory for Chocolate Milk and Choco Bites is 40% of units sold. Closing inventory for Material A and Material B is 20% of the units required Opening inventory for Material A and Material B are 50% more than the closing Inventory. Estimated materials required for production: Product Material A Material B (RM 0.8 per kg) (RM 0.5 per kg) Chocolate Mil 2 kg Half of material A Choco Bites 1.5 kg Estimated labour hours: Product Hour per unit Rate per hour Chocolate Mil RM 1.50 4 Choco Bites 2 RM 0.80