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RW Tools manufactures three products, Hammer, Axe and Shovel. It is expected that sales quantities are likely to be 3,000, 4,000 and 5,000 respectively. The

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RW Tools manufactures three products, Hammer, Axe and Shovel. It is expected that sales quantities are likely to be 3,000, 4,000 and 5,000 respectively. The selling prices calculated for each of the products are R100, R80 and R70, respectively. The opening inventories of Hammer, Axe, and Showed are 1,000, 500 and 750 units respectively, and the company plans a 10% increase in finished goods inventory at the end of the period. 1.1 Prepare a sales budget for RW Tools. (7) 1.2Prepare a production budget for RW Tools (8)

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