Resilience Inc makes and sells tote,bags with indigenous designs. The management accountant is responsible for preparing Resilience's master budget and has assembled the following data for next year. Resilience expects to have 9,000 bags in inventory at the beginning of July and has a policy of carrying 40 per cent of the following month's projected sales in inventory Est Units Sales Selling Price Direct Labour hours per unit Direct Labour hourly rate Direct Material Cost per unit Required: July August 20,000 24,000 $70 $70 Sept 16,000 $60 Oct 18,000 $60 4.2 4.2 3.8 3.8 $14 $14 $15 $15 $9 $9 $9 $9 a. Prepare the following budgets for Resilience Inc for the quarter July-September i. production budget in units (5 marks) ii. direct labour budget in hours & dollars (3 marks) iii. direct materials budget (2 marks) b. Discuss at least three behavioural considerations in the budgeting process. (5 marks)