I've to done this in 2 hours guys please help

Question 1: Answer both questions briefly a) Define the term budget, and list the three main reasons for preparing them (6 marks) b) List three elements of Share Capital in a company, describe each briefly (9 marks) Question 2: Beech Ltd is a manufacturer of hard-wood furniture. In a regular year, Beech expect to sell 3000 desks generating a total revenue of 1.5 million (only from desks). The fixed costs are currently standing at 350,000 per annum and total variable costs are 220,000. However, due to the recent epidemic sales have dropped by 30%. Required: a) b) Calculate the number of units sold, variable cost per unit, and contribution per unit (8 marks) Calculate the break-even level. Provide the answer both in units and as revenue (4 marks) Draw and label the break-even diagram to illustrate your answer to b. (5 marks) The budgeted revenue is 1.25m this financial year. Calculate the margin of safety, both in units and percentage. (4 marks) How many desk must be sold to achieve a profit of 561,500 (4 marks) c) d) e)