Question \#1 (38 marks) CLO 4 Care Manufacturers produces two products; Pureline and Furline. Both products use raw material fluoride and glycerol. Each unit of Pureline uses three (3) grams of fluoride and five (5) litres of glycerol. Each unit of Furline uses two (2) grams of fluoride and four (4) litres of glycerol. Each gram of fluoride is expected to cost $20 and a litre of glycerol $25. Sales and finished goods inventorv budget for the vear 2020 are as follows: As at January 1, 2020, opening inventories of raw material are 800 grams of fluoride and 1,000 litres of glycerol. At the end of 2020 , the company plans to hold 2,000 grams of fluoride and 1,800 litres of glycerol. The warehouse and stores managers have suggested that a provision should be made for damages and deterioration of items held in store, as follows. Required: a. Prepare the following budgets both products for the year 2020 : i. Sales . Production budget (3 marks) i. Raw material usage budget (11 marks) iv. Raw Materials purchases (6 marks) (15 marks) b. Identify three (3) benefits that can be derived from budgeting