Shades Ltd, produces and designs a range of high quality sunglasses frames and lenses and distributes its products to companics all over the Middie East. The company has been performing well to date and are currently the market leader in this highly competitive industry The sales budget for Shades Ltd for the next six months of the year is as follows and the selling price is estimated at SAR100 per unit July August September October November December Budgeted sales in units 5,000 40,000 50,000 30,000 20,000 10,000 Each pair of sunglasses requires 2 units of raw material. The company is now planning raw materials needs for the third quarter (July, Aug. Sept). To keep production and sales moving smoothly, the company has the following inventory 1. The finished goods inventory on hand at the end of each month must be equal to 3,000 plus 200% of the next month's sales. The finished goods stock on 30 June is budgeted to be 10,000 unats 2. The raw materials stock on hand at the end of each month must be equal to one-half of the following month's production noeds for raw materials. The raw materials stock on 30 June is budgeted to be 54,000 units Requirement a) Prepare the sales budget, production budget and direct for the third quarter materials budget marks) b) Explain the purpose of the balanced scorecard and give two specific examples of performance measures which could be used by Shades Ltd, for each of the following four perspectives: financial, customer, internal and learning (5 marks) Critically evaluate the contribution of the balanced scorecard to supporting the overall competitive strategy of an organisation (5 marks) Total 20 marks