LO3 Assignment the definition of budget and the different types of budgets that could be used by different departments within the company and their usefulness for different departments the definition of budgetary control and the advantages and disadvantages of different types of planning tools that the company could use for budgetary control. (You need to mention at least two tools). based on the given production budget by the company, analyze the use of different planning tools and their application for preparing and forecasting such budget for next month , ) . Original budget 2,000 units Output Sales revenue 120.000 Raw material 60000 20000 meters) Labour 20000 5000 hours) Fixed 20,000 overhead Operating 20.000 profit Actual figures 1.800 units E 117.000 48600 (16500meters 27000 6700 hours 30000 10,700 1. Definition of Budget 2. Types of budget 3. Benefits of Budget 4. Define Budgetary control. 5. Budgetary control planning tools (Advantages & dis advantages) (You need to mention at least two tools 6. Types of planning tools and their application for preparing and forecasting budgets 7. Calculations (analyse given Budget & variance analysis)