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2 XYZ Ltd. Furnishes the following particulars for preparation of its budgets for the year 2018: Particulars Amount (AED) Sale of paper 9,000,000 Sale of
2 XYZ Ltd. Furnishes the following particulars for preparation of its budgets for the year 2018: Particulars Amount (AED) Sale of paper 9,000,000 Sale of pen 2.000.000 Direct Material Cost 10% of sales Direct Wages 400.000 Remuneration of factory manager 2.000 per month Stores and spares 2% on salos Depreciation on plant and machinery 10,000 Light and power 40,000 Factory repairs and maintenance 50.000 Other factory expenses 2% on direct wages Administrative, seling and distribution 100,000 per annum expenses You are required to prepare a Master Budget for the year 2019
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