QUESTION ONEA Factory of light fittings is preparing budgets and has provided the followingdraft figures: Sales Forecast $($units$)$January $6,000$February $7,500$March $8,500$April $7,000$May $6,500$The standard selling price per unit is Tzs$50.$Each light fitting uses $2$kg of steel at a cost of Tzs$15$ per kg and it is company policy tohave stocks of steel at the end of each month to cover $50\%$ of next months productionrequirements. It is expected that at the start of January there will be $5,800$kg of steel instock.At the start of January, it is expected that there will be $750$ units of light fittings instock and it is policy to have stocks at the end of each month to cover $10\%$ of thefollowing months sales$\mathrm{.}10\%$ of sales are for cash with the balance on credit of one month. All purchases are paidfor in the month following purchase. The Trial Balance on $1$st January contained thefollowing figures: Bank Tzs$10,000($DR$)$; Debtors Tzs$250,000($DR$)$ and Creditors Tzs$210,000($CR$).$Required$($a$)$ Prepare a production budget $($in units$)$ for the first four months of the year.$($b$)$ Prepare raw material $($steel$)$ usage and purchases budgets for the first threemonths of the year.$($c$)$ Prepare a cash budget showing the receipts and payments for the first threemonths of the year.