$1.$ Prepare the following budgets for March $2014$:

a$.$ Revenues budget

b$.$ Production budget in units

c$.$ Direct material usage budget and direct material purchases budget

d$.$ Direct manufacturing labor budget

e$.$ Manufacturing overhead budget

f$.$ Ending inventories budget $($direct materials and finished goods$)$

g$.$ Cost of goods sold budget

$2.$ Suppose Lame Specialties decides to incorporate continuous improvement into its budgeting process.Describe two areas where it could incorporate continuous improvement into the budget schedules in requirement $1.$