Use the information supplied by BRAND CLOTHING to prepare the following budgets for November and December $2024.$

$1)$ The Debtors$$ Collection Schedule?

$2)$ The Cash Budget?

INFORMATION

Actual and Forecast details

SEPT

Direct Material Costs $28000$

Direct Labour costs $16000$

Manufacturing Overhead costs $6000$

Selling and Distribution costs $9000$

Rent Income $6800$

Cash sales $50000$

Credit sales $28000$

OCT

Direct Material Costs $26000$

Direct Labour costs $15000$

Manufacturing Overhead costs $4000$

Selling and Distribution costs $8000$

Rent Income $6800$

Cash sales $55000$

Credit sales $29000$

NOV

Direct Material Costs $22000$

Direct Labour costs $11000$

Manufacturing Overhead costs $?$

Selling and Distribution costs $7000$

Rent Income $?$

Cash sales $65000$

Credit sales $30000$

DEC

Direct Material Costs $20000$

Direct Labour costs $10000$

Manufacturing Overhead costs $3000$

Selling and Distribution costs $?$

Rent Income $?$

Cash sales $70000$

Credit sales $32000$

$2.$ Cash customers are given $10\%$ cash discount.

$3.$ Collections from debtors is expected as follows :

$50\%$ collected in the month of sales less $5\%$ discount.

$35\%$ collected in the month after the sale.

$10\%$ collected in the second month after the sale.

$$ The balance is written off.

$4.$ All purchase of direct materials is on credit. Creditors are paid in full in the month after the purchase.

$5.$ Manufacturing overhead cost will decrease by $7\%$ in November.

$6.$ Selling and distribution costs will decrease by R$1500$ from $01$ December.

$7.$ Rent income increases by $12\%$ with effect from $01$ November as per tenancy agreement.

$8.$ Annual loan repayment of R$80000$ will be made in November and interest on loan of R$6000$ will also be due for payment.

$9.$ The bank balance on $31$ October $2024$ is R$25512$ unfavourable.