Vino Viet is a factory produces synthetic masks. Vino Viet decided to prepare a budget to plan its production activity to cater for the needs of local community in Ho Chi Minh City. Budgeted sales were obtained from the factory and the details are as follows: (box) April 2021 5,000 May 2021 5,500 June 2021 7,000 July 2021 10,000 All sales are expected to be on credit basis at $20 per box. Collection for customers have been decided as follows: 50% in the month of sales itself 30% in the month after sales 20% in the second month after sales . a. Calculate total cash collection for the month of June 2021 and July 2021 (6 marks) Budgeted production was obtained from the factory and the details are as follows: (box) May 2021 3,500 June 2021 4,000 July 2021 5,000 Aug 2021 7.500 It was planned that each box would require 20 meters of material. The factory normally keeps the ending raw material inventory at 20% of the following month's direct material usage requirement. The material is purchased at cost of $2 per meter on credit. Suppliers are usually paid in the month following the purchase. Required: b. Prepare a direct material budget for June and July (including payment made to suppliers). Show relevant workings for desired ending inventory. (9 marks) Prepare a direct material budget for June and July (including payment made to suppliers), Show relevant workings for desired ending inventory (9 marks) What is a participative budgeting? Will participate budgeting solve the problem of budget padding? Briefly explain