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kindly assist in answering all questions, thanks in advance. 10 Marks Plagued Engineering Ltd has recently completed its sales forecast for the year ending 31

kindly assist in answering all questions, thanks in advance. image text in transcribed
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10 Marks Plagued Engineering Ltd has recently completed its sales forecast for the year ending 31 December 2022. It expects to sell two products, Product A and Product B, at the prices R135 and R145 respectively. Sales demand is expected to be as follows: ProductAProductB10000units6000units Product B products use the same raw materials and labour but different quantities per unit. The prices expected during 2022 for raw materials are: Material X R1.50 per kg Material YR4.00 per kg The labour rate is expected to be R6.00 per hour. Stocks of raw materials and finished goods in 1 January 2022 is as follows: REQUIRED Prepare the following for the year ending 31 December 2022: 1. Production budget 2. Raw material usage budget 3. Raw material purchases budget (kgs and rands) Question 2 10 Marks The management of Vuti has supplied the following sales amounts for the next five months: Additional information: - Off all sales 35% are cash sales based in value. - Of credit sales 50% is collected within the month of sales. Two-thirds of the credit sales collected within the month of sales receives 2% discount. A further 30% of credit sales is collected in the following month; and the remaining credit sales is collected in the month thereafter. Bad debts amounts to 3% of the credit sales. Required: Prepare a debtor's collection schedule that clearly shows how credit sales for the five months will be collected. NB: Round off calculations to two decimal places and the final amount to the nearest value

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