Question 2 [Soalan 2] (a) Melur Corporation has the following sales budget for the first three months of the current year: [Syarikat Melur mempunyai bajet jualan untuk tiga bulan pertama tahun semasa seperti berikut:] Month January Sales (RM) 350,000 320,000 February March 420,000 Historically, the following trend has been established regarding cash collection of sales: [Kebiasaannya, trend kutipan jualan adalah ditetapkan seperti berikut:] 50 percent in month of sale. 35 percent in month following sale. 10 percent in second month following sale. 5 percent uncollectible. The company allows a 5 percent cash discount for payments made by customers during the month of the sale. November and December sales were RM 450,000 and RM 280,000, respectively. All sales are on account. [Syarikat membenarkan 5 peratus diskaun tunai diberikan kepada pelanggan yang membuat bayaran pada bulan dijual. Jualan bulan November dan Disember masing-masing adalah RM450,000 dan RM 280,000. Semua jualan adalah secara hutang.] Prepare a schedule of budgeted cash collections from sales for January and February. [Sediakan jadual bajet kutipan tunai bagi jualan bulan Januari dan Febuari.] (8 Marks / Markah) (b) Bodle Company has put together the following data in order to complete their operating budget for the second quarter in 2016: [Syarikat Bodle telah meletakkan data berikut bagi melengkapkan bajet operasi bagi suku tahun kedua 2016:] Sales (units) Additional information: April 85,000 May June 74,200 65,000 [Maklumat tambahan:] Company policy requires 50 percent of next month's sales (in units) be in ending inventory. This policy was met in March. It takes 2.5 hours of direct labor to produce one unit. The average wage cost is RM 3. Variable overhead rate is RM 4 per direct labor hour and fixed overhead is RM 25,000 per month.