QUESTION 4 (40 marks) Complete the production budget for Sweet Manufacturers (Pty) Ltd. The following information is given: - Sales are expected to increase by 20% every quarter - Opening stock amounts to 25% of expected sales. - Closing stock is budgeted to be 25% of the following period's sales - Sweet Manufacturers (Pty) Ltd pays 60% in cash in the quarter of sales, 80% - of its creditors in the following quarter and the remaining 20% in the second quarter following the sales - Sweet Manufacturers (Pty) Ltd materials costs are R15 per unit - Sweet Manufacturers (Pty) Ltd outstanding accounts at the beginning of the budget period were R60,000 and this is paid equally over the first two periods. Sweet Manufacturers (Pty) Ltd Quarterly Production Budget QUESTION 4 (40 marks) Complete the production budget for Sweet Manufacturers (Pty) Ltd. The following information is given: - Sales are expected to increase by 20% every quarter - Opening stock amounts to 25% of expected sales. - Closing stock is budgeted to be 25% of the following period's sales - Sweet Manufacturers (Pty) Ltd pays 60% in cash in the quarter of sales, 80% - of its creditors in the following quarter and the remaining 20% in the second quarter following the sales - Sweet Manufacturers (Pty) Ltd materials costs are R15 per unit - Sweet Manufacturers (Pty) Ltd outstanding accounts at the beginning of the budget period were R60,000 and this is paid equally over the first two periods. Sweet Manufacturers (Pty) Ltd Quarterly Production Budget [40] QUESTION 4 (40 marks) Complete the production budget for Sweet Manufacturers (Pty) Ltd. The following information is given: - Sales are expected to increase by 20% every quarter - Opening stock amounts to 25% of expected sales. - Closing stock is budgeted to be 25% of the following period's sales - Sweet Manufacturers (Pty) Ltd pays 60% in cash in the quarter of sales, 80% - of its creditors in the following quarter and the remaining 20% in the second quarter following the sales - Sweet Manufacturers (Pty) Ltd materials costs are R15 per unit - Sweet Manufacturers (Pty) Ltd outstanding accounts at the beginning of the budget period were R60,000 and this is paid equally over the first two periods. Sweet Manufacturers (Pty) Ltd Quarterly Production Budget QUESTION 4 (40 marks) Complete the production budget for Sweet Manufacturers (Pty) Ltd. The following information is given: - Sales are expected to increase by 20% every quarter - Opening stock amounts to 25% of expected sales. - Closing stock is budgeted to be 25% of the following period's sales - Sweet Manufacturers (Pty) Ltd pays 60% in cash in the quarter of sales, 80% - of its creditors in the following quarter and the remaining 20% in the second quarter following the sales - Sweet Manufacturers (Pty) Ltd materials costs are R15 per unit - Sweet Manufacturers (Pty) Ltd outstanding accounts at the beginning of the budget period were R60,000 and this is paid equally over the first two periods. Sweet Manufacturers (Pty) Ltd Quarterly Production Budget [40]