You have just been hired as a new management accountant by UMW Holdings Berhad. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting, you have decided to prepare comprehensive budgets for the upcoming second quarter in order to show management the benefits that can be gained from an integral budgeting program. The company has the following budgeted sales for the next four$-$month period: September, October November and December. You are required to prepare budget for the quarter ending November $30,2023.$I. All sales are on account.II$.$ The selling price is RM$10$ per unit.III. UMW Holdings Berhad,s collection pattern is: SeptemberOctoberNovemberDecemberBudgeted sales in units$30,0004,000050,00055,000$Production in Units$10,00010,50020,00022000$Budgeted Direct labor hours$300035003800390075\%$ collected in the month of sale,$20\%$ collected in the month following sale, Other information: The management at by UMW Holdings Berhad wants ending inventory to be equal to $15\%$ of the following months budgeted sales in units$\mathrm{.}5\%$ uncollectible.IV$.$ The August $31$ accounts receivable balance of RM $45,000$ will be collected in full. On August $30,25000$ units were on hand.

Required:

a$.$ Prepare a sales budget for each month and quarter.

b$.$ Prepare an Expected Cash Collections budget for each month and quarter.

c$.$ Prepare a production budget for each month and quarter.

d$.$ What is difference between Operating Budget and Annual Budget?