QUESTION ZURICH LTD Zuch Lich budgeted production and sales of leather gloves for Dec 2021-Apr 2022 months as follows Production Sales (UNITS) (UNITS) November 800 1200 December 850 800 January 900 850 February 1,000 900 March 1,050 1,000 Apri 1100 1,050 May 1,200 1100 June 1,300 1,200 The selling price per unit will be 210. All sales will be made on credit The business plans to offer a cash discount (of 10% of the amount owed) to those customers who pay within the same of the month of sale. Customers for 70% of units sold are expected to qualify for the discount. Remaining 30% of the sales is expected to be paid during the next month e one month later) June 1200 1300 1300 1200 The selling price per unit will be C210. All sales will be made on credit The business plans to offer a cash discount (of 10% of the amount owed to those customers who pily within the same of the month of sale. Customers for 70% of units sold are expected to qualify for the discount Remaining 30% of the sales is expected to be paid during the next month Se one month later It is planned that sufficient finished goods inventories for each month's sales should be available at the end of the previous month For raw material purchases, the cost of raw material is 37 per unit. It is bought in the month of production and paid one month in arrears (e later) The direct labour cost, which is variable with the level of production, is planned to be 28 per unit of finished production and it is paid in the month of production Overhead costs are planned to be 53.000 each month including 8,000 for depreciation Overhead costs are paid in the same month. Company bought an equipment for 1,200,000 in Jan and equal payments were made over Mar Aug Opening cash balance at the start of Jan (1") is ES5,000. Required Draw up a cash budget for the 4 months from 1 January to 30 Apr 2022 with a column for each mones. The budget should, among other things, show each end-of-month cash balance 05 markal