Emm Co ltd is preparing budgets for the first quarter of 2019. It is a mono product firm manufacturing a product whose details are as follows per unit: Budgeted variable costs per unit $ Materials 12 Labour(4 hours @S6 per hour) 24 Production overhead 8 Selling price per unit 90 Administrative overheads are $23 000 per month; fixed production overheads are $15 000 per month including $3 500 depreciation. The factory has a normal production capacity of 1 500 units per month. Finished goods inventory are valued at full actual production cost and the budgeted opening inventory on 1 January 2019 is 1 200 units valued at $66 500. It is company policy to keep finished goods inventory at a constant ratio to the budgeted unit sales of the following month. Production over 1 500 units per month can be achieved through overtime with direct workers being remunerated at double the rate for the overtime. Expected sales are as follows: Units December 2018 1 300 January 2019 1 000 February 2019 1 400 March 2019 1 600 April 2019 1 800 Material purchases are paid for in the month following delivery and enough inventory is kept to cover the next month's budgeted production. Sales are on credit with 30 % of debts collected in the month of sale and 67% in the following month, the balance being irrecoverable. All other costs are paid for in the month they are incurred. No capital expenditure is expected. The budgeted cash balance on 1 January 2019 is $10 000. Required a)Draft a cash budget for the first quarter of 2019. (19 marks) b)Cite three constraints experienced in attaining budgeted performance levels (3 marks) c)Suggest measures that can be put in place to mitigate these constraints in (b) (3 marks