Question Alfred Limited manufactures and sells cotton gauze. Expected sales of gauze (in boxes) for upcoming months are as follows: June 36,000 July 40,000 August 50,000 September 38,000 October 30,000 November 24,000 December 35,000 The sales price per unit of gauze per box is RM20.50% of the sales are made in cash and another 50% is on account (on credit). The collection pattern of the 50% of on account sales is collected 20% in the month of sales and 80% of the on account sales is collected in the following month of sales. For the production, the management likes to maintain a finished goods inventory equal to 25% of the next month's estimated sales. Required: a. Prepare a Sales budget and Expected Cash Collection Budget for the third quarter (July, August, and September). (10 marks) b. Prepare the company's production budget for the third quarter (July, August, and September). Include a column for each month and a total column for the entire quarter. (10 marks) C. Evaluate the use of budgeting in fast-changing, especially those that are effect by the external environment (PESTLE). (15 marks)