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RZBM Building materials supplier in UAE is preparing its master budget for 2024. Relevant data pertaining to its production budget are as follows: Two pounds

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RZBM Building materials supplier in UAE is preparing its master budget for 2024. Relevant data pertaining to its production budget are as follows: Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 25% of the next quarter's production needs for material A. A total of 30,000 pounds of material A are on hand to start the year. Instructions: A. Prepare a Production budget for 2024 for RZBM where Ending inventory is 25000 pounds. B. Management estimates that, 60% of credit purchases are collected in the month of sale and the remainder in the month following the sale. What is the outstanding balance of Account payables

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