6. The company needs 0.20 hours of direct labor to manufacture one unit of production, and has na policy of paying a minimum of 6,000 hours per month and pays AED 15 per hour. Prepare a Direct Labor Budget for months ending December 2013 and total for the last two quarters of 2018. (10 marka) 7. The following are the projected cash expenditures for 2018 in AED. July August Sept. Oct. Dec Manufacturing 152,000 158,000 186,000 202,000 180,000 118,000 Overhead Selling 98,000 106,000 82,000 146,000 88,000 84,000 Escpense Administrative 326,000 322,000 388,000 364,000 300,000 294,000 Expense Equipment 200,000 600,000 1,200,000 purchase On June 30, 2018, the company had a cash balance of AED 272,000 on hand. The company has an arrangement with their bank to have a bank overdraft policy of maximum AED 500,000 as and when needed and borrows in the nearest "000s. The interest on the overdraft is 1.2% per month and paid at the time of loan repayment. The company also have a policy of maintaining a minimum cash balance of AED 200,000 at the end of each month. In November, the company plans to pay a dividend of AED 300,000. 8. Prepare a Cash Budget for the last 6 months of 2018 and in total. (25 marks) 9. Cover Pape and Formatting a) Cover Page (2 marka) b) Table of contents (marks) .) Formatting (3 marka) 6. The company needs 0.20 hours of direct labor to manufacture one unit of production, and has na policy of paying a minimum of 6,000 hours per month and pays AED 15 per hour. Prepare a Direct Labor Budget for months ending December 2013 and total for the last two quarters of 2018. (10 marka) 7. The following are the projected cash expenditures for 2018 in AED. July August Sept. Oct. Dec Manufacturing 152,000 158,000 186,000 202,000 180,000 118,000 Overhead Selling 98,000 106,000 82,000 146,000 88,000 84,000 Escpense Administrative 326,000 322,000 388,000 364,000 300,000 294,000 Expense Equipment 200,000 600,000 1,200,000 purchase On June 30, 2018, the company had a cash balance of AED 272,000 on hand. The company has an arrangement with their bank to have a bank overdraft policy of maximum AED 500,000 as and when needed and borrows in the nearest "000s. The interest on the overdraft is 1.2% per month and paid at the time of loan repayment. The company also have a policy of maintaining a minimum cash balance of AED 200,000 at the end of each month. In November, the company plans to pay a dividend of AED 300,000. 8. Prepare a Cash Budget for the last 6 months of 2018 and in total. (25 marks) 9. Cover Pape and Formatting a) Cover Page (2 marka) b) Table of contents (marks) .) Formatting (3 marka)
