BMW Limited manufactures a single product, Tune. The nance director prepares monthly budgets. The following budgeted information is available for the first three months of 2021. {1.} The selling price will be xed at $60 per unit. In January 2021 sales are expected to be 24 000 units. It is anticipated that there will be a 5% increase in sales volume in every subsequent month up to April 2021. {ii.) The nished goods inventory level at the end of each month will be maintained at one -third of the expected sales volume in the following month. The inventory of finished goods at 31 December 2020 is expected to be 7500 units with a value of $242000. The nished goods inventory value at 31 March 2021 is expected to be $293000. {iii} Each unit of Tune requires 10 kilos of raw material. The closing inventory of raw materials each month is expected to meet 20% of the production requirement of the following month. The inventory of raw materials at 31 December 2020 is expected to be 43000 kilos. The purchase price will remain at $1.50 per kilo. {iv)Direct labor for the first three months of 2021 is expected to be $3 50000. Manufacturing overhead is expected to be 50% of direct labor. REQUERED {a} Prepare the sales budget for the period January to March 2021. State the units and revenue for each month. (3 marks} {'b) Prepare the production budget for the period January to March 2021. State the units for each month. {6 marks) {c} Prepare the purchases budgets for the period January to March 2021. State the units and cost for each month. (9 marks}