The following information pertains to Ko Wei Sdn Bhd: Month Sales Purchases RM RM July 30,000 10,000 August 34,000 12,000 September 38,000 14,000 October 42,000 16,000 November 48,000 18,000 December 60,000 20,000 Cash is collected from customers in the following manner: Month of sale (2% cash discount) 30% Month following sale 50% Two months following sale 15% Amount uncollectible 5% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Required: (a) Prepare a summary of cash collections for the 4th quarter. [10 marks] (b)Prepare a summary of cash disbursements for the 4th quarter. (C) Explain the difference between a static budget and a flexible budget. [7 marks) [6 marks] (d)Explain what is meant by a static budget variance and a flexible budget variance. [7 marks] (e) Explain the three (3) advantages of budgets serving as primary management control tools. [12 marks] (f) Provide the benefits Activity Based Budgeting brings to a company. [7 marks]