A renowned organization is planning to prepare functional budget for their decision making from the following information: Total sales for six months…

A renowned organization is planning to prepare functional budget for their decision making from the following information:
Total sales for six months are 400,000 units, which are apportioned as:
Chaitra 20%, Baisakh 15%, Jestha 20%, Ashad 15%, Shrawan 20% and Bhadra 10% respectively. Selling price per unit will be Rs 30
Purchase: One unit of finished goods requires 4 kg of material and rate per kg is Rs 6.
Wages: Each unit of finished goods will need 3 labour hours and rate per labour hour will be Rs 6
Overhead: Variable manufacturing cost will be Rs 3 per unit and fixed manufacturing cost for the year will be Rs 240,000
Selling and administrative expenses will be 20% of sales
Inventory policy: Material: 100% of the next month's production need
Finished goods: 50% of the following month sales
Required for three months from Baisakh to Ashad:
a. Sales budget
b. Production budget
c. Material purchase budget
d. Labour budget
e. Manufacturing overhead budget
f. Selling and administrative expenses budget
g. Cost of goods sold budget
h. "Functional budget is important for the development of organizations", explain.