please I need this ASAP

Q1. Barber Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 2024. Two units of raw material are required to produce each unit of finished product.

	January 1	December 31
Raw material	35,000	45,000
Work in process	12,000	12,000
Finished goods	80,000	50,000

Required:

1. If Barber Company plans to sell 480,000 units during the year, compute the number of units the firm would have to manufacture during the year.
2. If 500,000 finished units were to be manufactured during the year, determine the amount of raw material to be purchased.

Q2.

Abby Inc., a distributor for salsa, has the following historical collection pattern for its credit sales:

70% collected in the month of sale;

15% collected in the first month after sale;

10% collected in the second month after sale;

4% collected in the third month after sale;

1% uncollectible.

The sales on account have been budgeted for the last seven months as follows:

June	$49,000
July	$60,000
August	$70,000
September	$80,000
October	$90,000
November	$100,000
December	$85,000

Required:

1. Compute the estimated total cash collections during October from credit sales.

1. Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter.

Q3.

Describe the role of budgeting in a firms strategic planning.

Q4.

Your company decided to implement a complete budgeting system. As a management accountant, you are required to prepare a formal presentation to your companys president explaining the benefits of a budgeting systems.