pare a cash budget for the months of October and Novemb [16] QUESTION 3 (15 Marks) Simakade Company has provided you with the following selected financial data for the years ended 31 December 2020 and 2021: 2021 2020 Revenue from sales 1 500 000 2 000 000 Cost of sales Trade receivables 900 000 1 000 000 700 000 800 000 Distribution costs 300 000 350 000 Non-current liabilities 1 000 000 950 000 Trade payables 600 000 700 000 Inventories Short-term borrowings 600 000 400 000 240 000 220 000 Cash and cash equivalents 200 000 300 000 7 12:43 PM AE. MAC1501_20... 59% Required: 1.1 Which basis does intathakusa (Pty) Ltd apply for measuring wood tables input costs? Motivate your answer. 1.2 Explain why the glue and sandpaper used in the manufacturing of wood tables are not classified as direct materials. 1.3 Calculate number of units (ie., tables) completed during the financial year ended on 31 March 2022. 14 Calculate, for each of the following, the quantities materials for the year ended 31 March 2022 141 African Blackwood (wood) 1.4.2 African Walnut (wood) purchases of direct (8 (2) (2) 1.4.3 Brass screws (2) 144 Vanish (2) 1.5 Calculate, for each of the following, the cost of direct materials issued to production for the year ended 31 March 2022: (Round off unit prices to the nearest R1 where applicable) [10] 1.5.1 African Blackwood (wood) (2%) 1.5.2 African Walnut (wood) (2%) 1.5.3 Brass screws (2%) 1.54 Vanish (2%) 1.6 Calculate the over- or under-absorption of production overheads during the financial year that ended on 31 March 2022. (2) 1.7 Prepare a general journal entry to account the over- or under-absorption of production overheads during the financial year that ended on 31 March 2022 1.8 Prepare a Statement of Cost of Goods Manufactured for the year ended 31 March 2022 (5) 1.9 Identify two internal and two external stakeholders of Intathakusa (Pty) Ltd. (4) [39]