Question 2 The statement of financial position of Cakes & Pies Sdn. Bhd. as at 30 June 2021 was as follows: Cakes & Pies Sdn. Bhd. Statement of Financial Position as at 30 June 2021 Cost Accumulated Depreciation Non-Current Assets RM RM Buildings 300,000 (120,000) Plant & machinery 50,000 (30.000) Motor vehicles 30,000 (14,000) Office equipment (1.100) 382,500 165,100 Current Assets Inventory: Finished goods (570 units at RM12 each) 6,840 Raw materials 1,500 Accounts receivable (June 2021 sales) 9,500 Cash and bank balances 35,500 Net book value RM 180,000 20,000 16,000 1,400 217.400 2,500 53,340 540 Current Liabilities Accounts payable for raw materials (May RM300+ June RM240) Other payables for manufacturing overhead Working Capital 1,050 (1.590) 51.750 269,150 Shareholder's equity Share capital Retained earnings 225,000 44.150 269,150 The plans for the three (3) months, from July to 30 September 2021 can be summarized as follows: a. Production costs per unit will be: Direct materials Direct labour Variable manufacturing overhead TOTAL RM 2 6 4 12 5 b. Sales will be at a price of RM20 per unit for the three months. The forecasted units sold are as follows: July 300 August 400 September 500 Units c. All sales are on credit. Accounts receivable will be paid in full amount in the following month after sales. Production will be consistent at 450 units per month. Credit purchases of direct materials are estimated as follows: July (RM) August (RM) September (RM) 1,100 1,000 800 d. e. f. Accounts payable for direct materials will be paid two (2) months after purchase. Direct labour is paid in the same month as production occurs. Variable manufacturing overhead are paid in the month following. Fixed indirect manufacturing expenses of RM450 per month are paid as incurred. A machine costing RM2,500 will be bought and paid for in July. A motor vehicle costing RM10,000 will be bought and paid for in September g h. REQUIRED: A complete cash budget for the month of July, August, and September 2021. Total column is not required. (Please show all workings.)