Q3. (15 Marks) A proforma cost shoct of a company provides the following particulars: Particulars Amount per unit Elements of cost:(Rs) Raw materials Direct labour Overhead 170 Total cost Profit Selling price The following further particulars are available: Raw materials in stock, on average, one month; Materials in process (completion stage, 50 per cent), on average, half a month: Finished goods in stock, on average, one month. Credit allowed by suppliers is one month; Credit allowed to debtors is two months; Average time-lag in payment of wages is 1.5 weeks and one month in overhead expenses: Onc-fourth of the output is sold against cash; Cash in hand and at bank is desired to be maintained at Rs 3,65,000. You are required to prepare a statement showing the working capital needed to finance a level of activity of 1,04,000 units of production. You may assume that production is carried on evenly throughout the year, and wages and overheads accrue similarly. For calculation purposes, 4 weeks may be taken as equivalent to a month