Marlev I td. has the followino budoeted sales for the selected six-month period: There were 7,500 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products equal to 20% of the unit sules for the next month. 3kgs of materials are required for each unit produced. Each kg of material costs C20. Inventory levels for materials equal 30 percent of the needs for the next month. Materials inventory on June 1 was 5,000kgs. Required: (o) Prepare production budgets in units for July, August, and September. (9 Marks) (b) Prepare a purchase budget in pounds and dollars for July. August, and September. (15 Marks) Page 3 or 6 (c) Compare and contrast the incremental budgetary approach to the zero-base budgeting approach to budgeting (6 Marks) Marlev I td. has the followino budoeted sales for the selected six-month period: There were 7,500 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products equal to 20% of the unit sules for the next month. 3kgs of materials are required for each unit produced. Each kg of material costs C20. Inventory levels for materials equal 30 percent of the needs for the next month. Materials inventory on June 1 was 5,000kgs. Required: (o) Prepare production budgets in units for July, August, and September. (9 Marks) (b) Prepare a purchase budget in pounds and dollars for July. August, and September. (15 Marks) Page 3 or 6 (c) Compare and contrast the incremental budgetary approach to the zero-base budgeting approach to budgeting (6 Marks)