Company Information Wood Work Ltd manufacture specialist wood furniture and sell their products all over Saudi Arabia. The company was established three years ago in Jeddah and is performing well to date. The following financial information has been provided. Financial Information TV Selling Price per il SAR1,000 Direct Materiah (1 kg of wood timber) SAR kg of wood tumber required perut Drau Mara SAR Number of the hors per un Variable mannend per SAR Additional information : imothy Fried cost SAR 2300 The company had TV tables and 100 kg of wood timber in stock the vad of September Company policy is to maintain 20% of the following mother and closing involy for finished code Comuny policy to maintai 25% of the passione closing my for direct mais opeted sales of TV tables for the necesare follow October November December January February 35 Cash collections on sales are as follows 30 in the most of salt 70% in the month following ale Receivables at the end of September SAR 22.000 Cash payments on purchases are as follows 60% in the math of purchase 40% in the following month Payables at the end of September we SAR 6.00 The closing cash balance in September 2000 was SAR 40.000 The company paid a dividend of SAR 40.000 in November Cash of SAR 50.000 was invested in the company by private investerin Requirement: Using the data given above, prepare the following detailed schedules along with other supportive schedules for the last quarter (October-November -December) of the year 2020. 1) Sales budget 2) Production budget 3) Production cost budget 4) Cash budget Supportive schedules a) Cash collection schedule b) Direct material schedule c) Direct labor schedule d) Variable manufacturing cost schedule. Company Information Wood Work Ltd manufacture specialist wood furniture and sell their products all over Saudi Arabia. The company was established three years ago in Jeddah and is performing well to date. The following financial information has been provided. Financial Information TV Selling Price per il SAR1,000 Direct Materiah (1 kg of wood timber) SAR kg of wood tumber required perut Drau Mara SAR Number of the hors per un Variable mannend per SAR Additional information : imothy Fried cost SAR 2300 The company had TV tables and 100 kg of wood timber in stock the vad of September Company policy is to maintain 20% of the following mother and closing involy for finished code Comuny policy to maintai 25% of the passione closing my for direct mais opeted sales of TV tables for the necesare follow October November December January February 35 Cash collections on sales are as follows 30 in the most of salt 70% in the month following ale Receivables at the end of September SAR 22.000 Cash payments on purchases are as follows 60% in the math of purchase 40% in the following month Payables at the end of September we SAR 6.00 The closing cash balance in September 2000 was SAR 40.000 The company paid a dividend of SAR 40.000 in November Cash of SAR 50.000 was invested in the company by private investerin Requirement: Using the data given above, prepare the following detailed schedules along with other supportive schedules for the last quarter (October-November -December) of the year 2020. 1) Sales budget 2) Production budget 3) Production cost budget 4) Cash budget Supportive schedules a) Cash collection schedule b) Direct material schedule c) Direct labor schedule d) Variable manufacturing cost schedule
