The annual capacity of a company is 20,000 units. But owing to non-availability of a grade of
Question:
● The annual capacity of a company is 20,000 units. But owing to non-availability of a grade of materials it has been operating at 60% level and is expected to operate at the same level during the next year. The selling price of product in which the company deals, shows the following:
` per unit Direct Materials 10 Direct Wages 5 Overhead 100% of direct wages Profit 25% on cost Raw materials are in stock on average for 15 days. Materials are in process on average for 1 month. Finished goods are in stock on average for 2 months and debtors are allowed 2½ months credit. The company received 1 month’s credit from its suppliers in respect of materials. Time lag in wage payment is 1 month. Prepare a Working Capital requirements forecast from the above particulars.
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