Electro Technology. Ine manufactures housing component used for electric motors. The management has been concerned recently by a lack of coordination between purchasing and production personnel and believes that a monthly budgeting system may help to solve the problem. James Li, the controller, compiled the following data: - The unit sales price for its housing component is RMIS. Actual sales in units for June and estimated unit sales for the next four months are as follows: - The desired monthly ending inventory of completed housing components is 80 percent of the next month's estimated sales. There are 5,000 finished units in inventory on June 30 . - Data regarding the materials used in the housing components, the desired beginning inventory for June 30 and the desired ending inventory for September 30 are shown in the following schedule. Required 1. Prepare the following budgets for the total third quarter ending September 30 of 2023: a. Production budget (in units). b. Raw-material purchases budget (in Malaysian Ringgit). c. Direct-labor budget (in Malaysian Ringgit). d. Manufacturing overhead budget (in Malaysian Ringgit). (2l marks) 2. Briefly explain how the management of Electro Technology. Inc may use budgeting to improve the company's operation. [Total: 25 marks]