QUESTION 4 (C4, PLO 2) Imagine you are a management accountant tasked with preparing a budget for a manufacturing company that produces consumer electronics. REQUIRED: (i) Discuss the key steps and best practices you would follow in developing this budget. Consider the various components of the budget, such as sales forecasts, production costs, overhead expenses, and capital investments. (10 marks) (ii) How would you incorporate factors like seasonality, market trends, and production capacity constraints into your budgeting process? (5 marks) (iii) Explain the importance of monitoring and controlling the budget once it is established, highlighting specific techniques or metrics that can help evaluate performance and guide managerial decision-making throughout the budget period (10 marks) [Total 25 marks]