QUESTION $1$

LZR Garden Ornaments Company manufactures two types of garden ornaments: a duck and heron. The information presented below has been prepared, as a result of discussions by line managers, for the purposes of preparing a master budget for the year $2021.$

Statement of financial position of LZR Garden Ornaments Company as at $31$ December $2020$ :

$\backslash$table$[[,$Cost,Depreciation,$\backslash$table$[[$Book value$]]],[$Fixed asset$],[$Equipment$,190000K,40000,150000],[$Current assets,,,R$52100],[$Stock of raw materials:,,$y,],[$Ducks $(400$@R$14$ each$),$R $5600,$esp,$=$