Q#1: Euro Furniture store has already prepared its operational budgets for 2020. Michelle Brown, the Accounts Manager is trying to draft the Master Budget. However, she got stuck in preparing the Cash Budget. She has supplied you the following quarterly information from various operational budgets:

1st 2nd 3rd 4th Quarter Quarter Quarter Quarter Units to be sold 1 000 1 200 1 500 2 000 Total Sales $10 000 $12 000 $15 000 $20 000 Purchase of Direct Materials 4 492 5 176 6 480 6 904 Direct labour cost 1 272 1512 1920 2 160 Manufacturing overhead 2281 2 401 2 605 2 725 Selling and admin. Expenses 1 820 1 940 2 570 2 320