Selling price for each wheel is RM30 per unit. Budgeted sales unit for 2022 are:

First quarter	15,000
Second quarter	16,000
Third quarter	18,000

BulatRimba will have no finished goods (wheel) and materials (plastic and rims) inventories at the beginning of the year. Management desires 5,000 kg of plastic at the end of the first quarter and 6,000 kg at the end of the second quarter. Each wheel takes 2kg of plastic. BulatRimba should have 2,000 rims at the end of the first quarter and 2,500 at the end of the second quarter. Finished inventory should total 1,000 wheels at the end of the first quarter and 1,500 at the end of the second quarter.

	Direct Materials	Direct Labour
Plastic	2kg @ RM3	0.5 hour
Rims	1 each @ RM2

Variable factory overhead is applied at the rate of RM3 per direct labour hour for each finished unit. Fixed factory overhead is RM170,000 per quarter, including non-cash expenditures of RM54,000 and is allocated on the total number of units completed direct labour averages RM20 per hour.

All sales are on credit and are collected 30 percent in the quarter of sale and 70 percent in the quarter following the sale. The company has a history of no bad debts. The sale from the last quarter of 2021 were RM420,000. Purchases of direct materials are paid for in the quarter acquired; direct labour costs are paid in the quarter incurred. Overhead expenses are paid in the next quarter. The accounts payable on the balance sheet is for overhead expenses from the last quarter of 2021 Selling and administrative expenses are paid in the quarter incurred. The total are RM40,000 per quarter, including RM10,000 of depreciation.

1. Sales budget

	1st quarter
Sales units	15,000
Selling price per unit	30
Total sales/ revenue	RM450,000

Required: Refer to the sales budget prepared in Task 1. Construct a cash budget for BulatRimba for the first and second quarter of 2022