Question 3 Jean 8'. Ray Limited (\"URL") is a manufacturer of radio control (\"RC") toy cars. JRL sells these cars to toy distributors for a list price of $55 each. Based on historical records 70% of sales are expected to be collected in the month of sales. and 25% collected in the month following the sales. Next six months' budgeted sales for RC ears are as stated below: RC Cars Units .lan 202Y 2.800 Feb 202Y 4.200 Mar 202'! l .600 Apr 202Y 2.200 May 2023' 3.600 Jun 202'! 5.600 The company maintains 30% of the next month's sales in ending inventory. In addition. the nished product RC ear uses 2 integrated chips (\"IC\") parts in one RC unit. The IC chip costs $930 pcrehip. It is expected the company will maintain 15% ofthe next month's usage in ending inventory. Question 32 Prepare a production budget in units for RC cars for each of three months of 202'! {Jan to Mar}. and for the Quarter. (4 marks) Question 3b Construct the direct material purchase budget for IC part, in units and in dollars, for each of three months of 2022 (Jan to Mar), and for the Quarter. (9 marks)