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The following data is formulated by a company for three months ending 31st December 2020. Budgeted Sales (All on credit terms and paid in month following month of sales) Month September RM48,000 October RM58,200 November RM60,240 December RM70,856 Other Income 31st December Receivable RM1,000 Month Wages (RM) Budgeted Expenditure Salaries Overhead (RM) (RM) Materials (RM) Proposed Dividend (RM) October 14,000 25,000 12,500 14,900 3,000 3,000 3,200 November December 12,000 14,400 11,500 21,000 10,000 All expenses are paid in the month they are incurred. Overhead includes RM1,000 for depreciation each month. Opening cash balance October 1st at bank RM2,500 , in hand RM400. REQUIRED: (a) (b) Prepare a cash budget for the three months ending 31st December 2020. (16 marks) Describe THREE (3) benefits that a system of budgetary planning and control may bring to an organization. (4 marks)