Question 2-40\\% (Budget Preparation) School Furniture Ltd manufactures a variety of desks, chairs, tables and book selves that are sold to public schools in Australia. The management accountant of the desk division is currently preparing the budgets for the next quarter of this year from October to December. The sales forecast has been completed as follows: Each desk requires 3 metres of wooden planks and 1.5 hours of direct labour. Each desk sells for \\( \\$ 200 \\). Wooden planks costs \\( \\$ 18 \\) per metre, and at the end of each month there is enough wood remaining to cover \10 of the next month's production requirements. The division incurs a cost of \\( \\$ 25 \\) per hour for direct labour, including on-costs. The division ends each month with enough finished goods to satisfy \20 of the following month's sales. For the purpose of preparing the operating budgets for the next quarter, it is assumed that the ending inventories of direct materials (wooden planks) and finished goods (desks) at the end of November and December are the same. Required: Using the template of budget schedules on the next page, prepare the following budgets for the next quarter from October to December: (a) Sales budget (b) Production budget (c) Direct materials budget (usage and purchase) (d) Direct labour budget (c) Direct materials budget (usage and purchase)