Note: Answers should be in Word Format and in Details

1. Al Ibrahimi Ltd. furnishes the following particulars for preparation of its budgets for the year 2015 Particulars Amount (AED) Sale of Steel structural 3,000,000 Sale of Steel tubes 5,000,000 Direct Material Cost 60 % of sales Direct Wages 360,000 Remuneration of factory manager 5,000 per month Stores and spares 2.5% on sales Depreciation on plant and machinery 126,000 Light and power 50,000 Factory repairs and maintenance 80,000 Other factory expenses 10% on direct wages Administrative, selling and distribution | 140,000 per annum expenses You are required to prepare a Master Budget for the year 2015