SEASONAL Ltd is a manufacturing company specialized in the production and sale$$of office chairs. It budgeted the first half of $2019$s sales for its recently designed$$office chair as follows:$$Units$$Total dollar$$amount $($$$)$January $300180,000$February $330198,000$March $375225,000$April $420252,000$May $390234,000$June $450270,000$Total $2,2651,359,000$SEASONAL$$s managers budgeted to use $4$ square feet of wood and $3$ labour hours$$for the production of one unit of chair. The purchase cost of $1$ square feet of wood$$is $15\%$ of the budgeted selling price of the chair; and the budgeted labour hour rate$$is $$15.$The inventory of finished goods $($chairs$)$ and material on January $1,2019$ is:$-280$ units of chair, and$-696$ square feet of wood$$The company$$s ending inventory policy is:$-$ for the chair: $100$ units plus $60\%$ of next month$$s sales;$-$ for wood: $50\%$ of wood needed for the next month$$s production.$$Required$1.$ Prepare the production budget $($in quantity$)$ for the first quarter $($i$.$e$.$ for$$January$,$ February and March$)$ of $2019(15$ marks$)2.$ Prepare the purchase budget for wood, and labour budget for the first quarter$$of $2019(24$ marks$)3.$ Assume that $60\%$ of purchases of wood are paid for in the month of the$$purchase and the remaining $40\%$ in the following month, calculate the related$$budgeted cash payments in March $2019$