Number 6

Hi there can you please help me with this equation for 15 marks

Sales Budget (2) Units Selling price per unit Sales Value

Production budget (3) Required from sales Closing inventory Total needed Less opening inventory Production

Raw materials purchased budges (6)

Needed for production Closing inventory Total needed Less opening inventory Material Purchases Price per unit Value of purchases

Labor Budget (4)

Production Time per unit Total Hours

Rate per hour

Direct labour cost

Justice League Manufacturers has planned to sell 30000 units during the last quarter of 2022 . The entity has extracted and provided the following information. Additional information: - All inventory is issued according to the FIFO method. - The cost of raw material Q is R36 per kg and the cost of raw material Z is R12 per kg. - 18 kilograms of raw material Q and 17 kilograms of raw material Z are required to produce one unit of the finished product. - Finished products are sold at R1100 per unit. - 5 hours are needed to manufacture one complete unit. Production staff earn wages at R120 per hour. REQUIRED Based on the above budget requirements, prepare the following operational budgets for Justic L League Manufacturers for the quarter ending December 2022. Do not use a monetary symbol in your answer and write your answer without decimals for example, R 7500000 is written as 7500000