Dell & Company makes and sells computer components. Sales in April, May and June 2022 were RM1,600,000, RM1,800,000 and RM1,400,000 respectively. All sales are on credit. Collections from debtors are as follows: 40% in the month following the sale, 30% in the second month following the sale, and 20% in the third month following the sale. The remaining 10% are uncollectable. The data below relates to the production and sales of its product for July, August and September 2022: July 6.0 August 5.5 September 5.5 Direct labour hours per unit Direct labour hourly rate Direct materials cost per unit RM9 RM10 RM10 RM15 RM16 RM16 15,000 units RM100 Estimated sales 16,000 units 18,000 units RM120 RM120 Selling price per unit Dell expects to have 5,000 units in inventory on 30 June 2022, and has a policy of carrying 25% of the following month's projected sales in inventory. Required: (a) Prepare the following budgets for Dell & Company for July and August 2022. Show all workings and calculations