Question five: From the following information which relates to Robbie and Rhoda Ltd, you are required to prepare a month by month cash budget for the second half of 2021 and to append such brief comments as you consider might be helpful to management. a. The company's only product calfskin vest, sells at K40 and has a variable cost of K26 made up as follows: Material K20; Labour K4 and Overhead K2 b. Fixed cost of K6 per month are paid on the 28th each month c. Quantities sold / to be sold on credit are: e. Cash sales, at a discount of 5% are expected to average 100 units a month f. Customers are expected to settle their accounts by the end of the second month following the sale. g. Suppliers of materials are paid two months after material is used in production h. Wages are paid in the same month as they are incurred i. 70% of the variable overhead is paid in the month of production, the remainder in the following month. j. Corporation Tax of K18, 000 is to be paid in October k. A new delivery vehicle was bought in June, the cost of which, K8, 000 is to be paid in August. The old vehicle was sold for K600, the buyer undertaking to pay in July. 1. The company is expected to be K3,000 overdrawn at the bank at 30 June 2022 m. The opening and closing stock of raw materials work in progress and finished goods are budgeted to be the same