PROBLEM 4 (Budgetary Planning & Control) Part A 25 MARKS 15 Marks Milles Fleurs Inc. combines its operating expenses for budget purposes in a selling and administrative expense budget. For August 2022, the following data was developed: Sales Budget August 2022 September 2022 Unit selling price: Production Budget 20,000 units 23,000 units $30 The company likes to keep 10% of the next month's unit sales in ending inventory. Selling & Administrative Budget Variable costs per dollar of sales: Sales commissions Delivery expense Advertising Fixed costs per quarter: Sales salaries Office salaries Depreciation Insurance Utilities 6% 2% 4% $24,000 19,000 6,000 2,000 1,000 Required: a. Prepare a Sales Budget for August 31, 2022. (2 Marks) b. Prepare a Production Budget for August 31, 2022. (3 Marks) c. Prepare a Selling and Administrative Expense Budget for August 31, 2022. (10 Marks)