Parksville Ltd. produces and sells "Greentree". The selling price of Greentree is $55 per unit. The following information is an extract from the sales forecast report : Aug Sales forecast (No of units) Sept 21,000 Oct 25,000 17,000 Parksville expects that 80% of its sales will be collected in the month in which the sales is made and the remaining 20% will be collected 1 month following the sales. Required: (a) Compute the following (show workings using a sales budget or other means) : (1) Budgeted Sales Revenue ($) for the month of Sept 2021. (1.5 marks) (ii) Aug sales revenue expected to be collected in the month of Sept 2021. (2 marks) (iii) Expected Total cash collections for the month of Sept 2021. (2 marks) (iv) Expected Total cash collections for the month of Oct 2021. (4.5 marks) (b) Assume that the management of Parksville has proposed to set a target ending finished goods for each month at 20% of the following month's sales. Parksville estimates that sales for the month of Nov will be 29.000 units. Compute the following (show workings using a production budget or other means): Budgeted production (units) for the month of Sept 2021. (3 marks) (ii) Budgeted production (units) for the month of Oct 2021. (2 marks) (C) Explain with an appropriate illustration the term 'revolving budget'. (1 mark)