.name Draw up a cash budget for F. Jack showing the balance at the end of each month, from the following information for the three months ended 30 September 2021: (a) Opening cash (including bank) balance on 1 July is 3 600,- (b) Production in units: 2011 March April May 720 810 900 June 960 July Aug Sep Oct Nov 1,050 1,110 | 1,140 1.020 930 Dec 780 2012 Jan 750 (c) Raw materials used in production cost $15 per unit. Of this, 90 per cent is paid in the month of production and 10 per cent in the month after production. (d) Direct labor costs of $24 per unit are payable in the month of production. (e) Variable expenses are $6 per unit, payable 40 per cent in the same month as production and 60 per cent in the month following production. (f) Sales at $60 per unit: 2011 Feb Mar Apr May Jun July Aug Sep Oct Nov 780 600 960 870 1,200 1,050 1,200 1.170 1,200 900 Debtors will pay their accounts three months after that in which sales are made. (g) Fixed expenses of $1,200 per month payable each month. (h) Machinery costing $6,000 to be paid for in September 2021. (i) Will receive a legacy of $7,500 in November 2021. () Drawings will be $900 per month