Q1. Chilly Spicy Company manufactures and sells a single product, Super which uses two different raw materials in its production. The current selling price of Super is RM100 per unit, which will increase by 10% from the beginning of March 2021. The sales budgets are forecasted as follow: 2021 January February March April May Units of Glory 6,300 6,800 7,200 6,200 6,500 January 1, 2021, inventory of Super is expected to be 1,100 units. The closing inventory of product Super at the end of each month should be equal to 20% of the following month's sales. REQUIRED: (1) Prepare the Sales Budgets in RM for each of months January, February, March and April 2021. (1) Prepare the Production Budgets in units for each of months January, February March and April 2021. (iii) Discuss any FIVE (5) reasons why business prepares budgets