You are working as a non-financial manager in the Production Unit of company DEE. Company DEE manufactures plastic cutlery out of raw material, and sells to wholesalers across SA. The budget is:

Description: Amount:

Budget Sales R650.000

Less, direct cost:

Cost of materials R210.000

Direct labour R165.000

Indirect costs R105.000

Other general overheads R50.000

Net Budget Profit: R120.000

You are required to develop a computer-based income and balance statement. The income and balance sheet must have the necessary notes and disclosures. Adjust the figures in terms of the following: Income out of direct sales - R800 000.00; Income out of after-sales, customer services - R150 000.00; Owners Equity - R250 000.00