I need answer at part b for

iii. Direct materials usage and purchase budget

iv. Direct labour budget

vii. Cost of goods sold

viii. Support department budget

ix. Budgeted statement of profit or loss

QUESTION You are the accountant for Sepang Bikes, a manufacturer of sturdy mountain bikes for intermediate level bikers. The entity's managers are forecasting an increase in the sales because of the success of their current advertising campaign. They asked you to create a master budget for the upcoming year, given the forecasted sales increase. To gather information needed for the budget, you first access relevant data about revenues, inventories and production costs from last period's accounting records. Next, you obtain information from every department and meet with top management to identify changes in sales volumes and prices, production processes, manufacturing costs and support department costs. The following are information you have gathered: 1. The managers forecasted that 100,000 bikes would be sold at a price of RM800 each. According to the prior accounting records, beginning finished goods inventory consists of 2,500 bikes at a cost per unit of RM454.75, or RM1,136,875 in total. Given the anticipated increase in sales volume, the managers want to increase finished goods inventory to 3,500 units. 2. 3. Beginning direct materials inventory consists of Wheels and tyres Components Frames Total RM 20,000 70,000 50,000 140,000 4. The cost per unit of direct material is expected to be: Wheels and tyres Components Frames RM 20 70 50 5. The managers want ending inventories to be: Wheels and tyres Components Frames RM 25,000 87,500 62,500 175,000 Total