● From the following information extracted from the books of Private Ltd., prepare a statement showing the Working Capital requirement needed to finance a level of activity of 5,200 units of output per annum:

Amount Per Unit (`)

Raw materials 8 Direct labour 2 Overheads 6 Total Cost 16 Profit 4 Selling price 20 Raw materials are in stock on an average for 1 month Materials are in process for 1 2 month Finished goods are in stock for 6 weeks Credit allowed by creditors for 1 month Credit allowed to debtors for 2 month Lag in payment of wages for 1 1 2 month Cash in hand and at bank for `7,300 The production is carried on evenly during the year and wages and overheads accrue similarly.