CASH BUDGET Squid Sdn Bhd is selling books for children. One of its fast-selling prcnlucts is Story Telling Books" _ The selling price per unit of "Story Telling Books' is RM 10.00. The following information the budgeted sales and costs for Squid Sdn Bhd for second quarter 2021 _ Purchase of materials Fixed overheads Variable overheads Administration expenses Direct labour cost Additional information: April (RM) 220,000 170,000 120,000 so,ooo 100,000 110,000 May (RMJ 280,000 184,000 120,000 30,000 80,000 74,000 June (RM) 380,000 210,000 120,000 20,000 70,000 90,000 . All sales at Squid Sdn Bhd are on credit Squid Sdn Bhd expects that from the sales are collected in the month of sales, while another is collected one month after sales. The sales for the month of March are RMISO,OOO. Squid Sdn Bhd purchase all matenal on credit of purchases are paid in the month of purchase, the remaining 20% are paid for in the following month. The purchases of matenal for the month of March are 180,000. 3. Fixed overheads include a monthly depreciation of equipment amounting RM20,OOO. Fixed overheads are paid within the month they are incurred. Direct labour and variable overheads are paid within the month they are incurred. S. There is a one-month delay In the payment of administration expenses. The administration expenses for the month of March are RMSO,OOO_ . The company is expected to receive an interest on fixed deposit amounting to RM12,ooo in June 2021. 7. Dividends from investment amounting RM 30,000 be received in May. The opening cash balance in April IS NM 700,000.