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ILLUSTRATION 21 The Beta Ltd. has prepared the following sales budget for the first five months of the financial year 2018-19 SALES BUDGET Month Unit
ILLUSTRATION 21 The Beta Ltd. has prepared the following sales budget for the first five months of the financial year 2018-19 SALES BUDGET Month Unit Month Unit April 54,000 July 52,000 May 78,000 August 49,000 June 61,000 Inventory of finished goods at the end of every month is to be equal to 1/4th of sales estimate for the next month. On 1st April, 2018 there were 13,500 units of the product on hand. There is no work in progress at the end of any month. Every unit of the product requires two types of materials in the following quantities : Material A-5 kg., Material B-6 kg. Materials equal to 50% of the requirement of the next month's production are to be in hand at the end of every month. This requirement was adequately met on 1st April, 2018. Prepare the following budgets for the first Quarter of the financial year 2018-19 : () Quantitative Production Budget; (ii) Material Purchase Budget (Quantitative)
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