need answer of both parts i.e. a and b

Topic: Budgeting Week 6 Tutorial Questions Question 1 Explain the advantages of using a flexible budget for control, compared with using a static budget. (Word limit: 150 words) Question 2 A company produces two products, A1 and A2 that are sold to retailers. The budgeted sales volumes for the next quarter are as follows: Product Units A1 32,000 A2 56,000 The inventory of finished goods is budgeted to be 1,000 units of A1 and 2,000 units of A2 by the end of the quarter. There were no opening inventories for the two products at the beginning of the quarter. Material B3 are used in the production of A1. The quantity required of Material B3 to produce one unit of the finished product A1 and the purchase price are shown below: B3 8 kg $1.25 A1 Purchase price per kg Budgeted opening inventory 30,000 kg The company plans to hold inventory of raw materials, at the end of the quarter, of 5% of the quarter's material usage budget. H15017 MANAGERIAL ACCOUNTING Page 2 of 2 Required: Prepare the following budgets for the quarter: a) The production budget (in units) for both Product A1 and A2. b) The direct material purchases budget for Product A1 (in kg and $)