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Question 6. Juicy Ltd produces and sells Fruit Juices. The company provides the following estimated sales for the next six months: The company's policy is

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Question 6. Juicy Ltd produces and sells Fruit Juices. The company provides the following estimated sales for the next six months: The company's policy is to keep ending inventory of finished goods that is equal to 20% of the unit sales for the next month. Three kilograms of direct materials are required for each bottle of finished goods produced. Each kilogram of direct materials costs $6. Ending inventory levels for materials are equal to 20% of the production needs for the next month. Sales price per bottle is $60. Required (show your workings and round it to the nearest two decimal places): (a) Prepare sales budgets in units and dollars for February and March (5 marks) (b) Prepare production budgets in units for February and March ( 5 marks) (d) Prepare direct materials purchases budgets in kilograms and dollars ( 5 marks) for February

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