The company's balance sheet at 1 January, year 3 , is expected to be as follows: REQUIRED: Answer the following questions: 2.1. Complete the Cash Budget of Vytrill Ltd for the year ended 31 December, year 3. (4 marks) 2.2. Prepare a budgeted Statement of Comprehensive Income of Vytrill Ltd for the year ended 31 December, (13 marks) year 3. QUESTION 1 (23 Marks) Using the information provided above, prepare the following budgets: 1.1. Sales budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 12. Production budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 1.3. Raw materials usage budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 1.4. Raw materials purchase budget of Vytrill Lid for the year ended 31 December, year 3. (5 marks) 1.5. Direct labour budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 1.6. Production cost budget of Vytrill Ltd for the year ended 31 December, year 3. (6 marks) SECTION A Answer ALL questions in this section. Study the information provided below and answer Questions 1 and 2. INFORMATION Vytrill Ltd makes two products, Alpha, and Beta. The following data is relevant for year 3: \\( \\begin{array}{ll}\\text { Material prices: Material M } & \\text { R2 per unit } \\\\ \\text { M3 per unit }\\end{array} \\) Direct labour is paid \\( \\mathrm{R} 10 \\) per hour. Production overhead cost is estimated to be R200 000, which includes R25 000 for depreciation of property and equipment. Production overhead cost is absorbed into product costs using a direct labour hour absorption rate. The sales director has forecast that sales of Alpha and Beta will be 5000 and 1000 units, respectively, during year 3 . The selling prices will be: She estimates that the inventory at 1 January, year 3, will be 100 units of Alpha and 200 units of Beta. At the end of year 3 she requires the inventory level to be 150 units of each product. The production director estimates that the raw material inventories on 1 January, year 3 , will be 3000 units of material \\( \\mathrm{M} \\) and 4000 units of material N. At the end of year 3 the inventories of these raw materials are to be: M: \\( \\quad 4000 \\) units N: \\( \\quad 2000 \\) units The finance director advises that the rate of tax to be paid on profits during year 3 is likely to be 30 per cent. Selling and administration overhead is budgeted to be R75000 in year 3, which includes R5 000 for depreciation of equipment. The company's balance sheet at 1 January, year 3 , is expected to be as follows: REQUIRED: Answer the following questions: 2.1. Complete the Cash Budget of Vytrill Ltd for the year ended 31 December, year 3. (4 marks) 2.2. Prepare a budgeted Statement of Comprehensive Income of Vytrill Ltd for the year ended 31 December, (13 marks) year 3. QUESTION 1 (23 Marks) Using the information provided above, prepare the following budgets: 1.1. Sales budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 12. Production budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 1.3. Raw materials usage budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 1.4. Raw materials purchase budget of Vytrill Lid for the year ended 31 December, year 3. (5 marks) 1.5. Direct labour budget of Vytrill Ltd for the year ended 31 December, year 3. (3 marks) 1.6. Production cost budget of Vytrill Ltd for the year ended 31 December, year 3. (6 marks) SECTION A Answer ALL questions in this section. Study the information provided below and answer Questions 1 and 2. INFORMATION Vytrill Ltd makes two products, Alpha, and Beta. The following data is relevant for year 3: \\( \\begin{array}{ll}\\text { Material prices: Material M } & \\text { R2 per unit } \\\\ \\text { M3 per unit }\\end{array} \\) Direct labour is paid \\( \\mathrm{R} 10 \\) per hour. Production overhead cost is estimated to be R200 000, which includes R25 000 for depreciation of property and equipment. Production overhead cost is absorbed into product costs using a direct labour hour absorption rate. The sales director has forecast that sales of Alpha and Beta will be 5000 and 1000 units, respectively, during year 3 . The selling prices will be: She estimates that the inventory at 1 January, year 3, will be 100 units of Alpha and 200 units of Beta. At the end of year 3 she requires the inventory level to be 150 units of each product. The production director estimates that the raw material inventories on 1 January, year 3 , will be 3000 units of material \\( \\mathrm{M} \\) and 4000 units of material N. At the end of year 3 the inventories of these raw materials are to be: M: \\( \\quad 4000 \\) units N: \\( \\quad 2000 \\) units The finance director advises that the rate of tax to be paid on profits during year 3 is likely to be 30 per cent. Selling and administration overhead is budgeted to be R75000 in year 3, which includes R5 000 for depreciation of equipment