1. If you have determined that you are going to sell 15 500 units at R35/unit for next month. Determine the expected cash collection if 25% will be cash and 75% will be on credit. The credit sales will be collected as follows: 45% in the month following the purchase (30 days), 35% in the next month (60 days) and 20% in the following month (90 days). (5)
2. It takes two hours of labour per unit at an average wage of R13 as hour to make a product at FMH (Pty) Ltd. Complete a labour budget for FMH (Pty) Ltd.