01:49 at .Ill 64% Pepito Ltd is a manufacturing firm which produces two types of products, Ariel and Blippy. Every month, the accountant draws up a forecast of the expected profit or loss, in addition to, the forecast cash inflows and outflows. As shown below, Materials X and Y are used as follows: Ariel (Per unit) Blippy (Per unit) Material X 1 kg 2 kgs. Material Y 2 kgs. 1 kgs Also each unit of Ariel and Blippy requires 2 and 3 direct labour hours respectively. The table below summarises the budgeted sales level (in units) for the month of October: Product Unit Price per unit Ariel 1,500 Rs. 30 Blippy 3,000 Rs. 40 On 1st October, the opening inventory and expected closing inventory on 31s October were as follows : Opening Inventory Budgeted closing inventory Material X 2,000 kgs. 2,500 kgs. Material Y 1,250 kgs. 2,000 kgs. The opening inventory for Ariel and Blippy amount to 100 and 125 units respectively. The closing inventories are expected to increase by 25%. The following standard cost information for October is also available: Material X Rs. 1 per kg. Material Y Rs. 2 per kg. Direct labour Rs. 2 per hour. An overhead absorption rate of Rs 1 per direct labour hour was to be used for production overheads. Other overheads amounted to Rs10,000 for Administration and Rs. 20,000 for Selling and distribution. As regards cash collection from sales, the firm adopts a policy whereby 50% are collected in the same month of sales while the remainder is collected at the rate of 25% in each of the next two months. Payments for purchases of Material Y are due the following month, while Material X is paid immediately on the date of purchase. The following figures are available for the three month ending 31 October: August September October Rs. Rs. Rs. Sales 300,000 400,000 165,000 Purchase: Material Y 50,000 Wages for the month 100,000 Other net cash expenses 100,000 Opening balance of cash (1 October) 10,000 Moreover, during the month, 10% of the net profit in October was required to be paid as advance tax. The firm had also recently carried out some investment from which it is expecting commissions amounting to Rs 10,000 to be received in the month of November. You are required to prepare the following for the month of October