installments at the end of each quarter. Requirements: Prepare Klean Steppers master budget for month and in total for the quarter by completing the following schedules and statements: I. Sales budget (12 marks) II. Schedule of cash collected from customers (8 marks) III. Production budget (28 marks) IV. Direct-material budget (42 marks) V. Schedule of cash disbursement to suppliers for direct material (12 marks) VI. Direct labour budget (16 marks) VII. Manufacture overhead budget (13 marks) VIII. Selling and administrative budget (16 marks) IX. Cash budget (31 marks) X. Cost of Goods Sold Budget (quarter only) (5 marks) XI. Budgeted Income Statement (quarter only) (5 marks) XII. Budgeted Balance Sheet (quarter only) (12 marks)