UNISA 2024 MAC1501-24-S1 Welcome Message Assessment 6 QUIZ Assessment 6 Time left 1:53:01 Question 3 Not yet answered Marked out of 15.00 Flag question Question text Mzwakhe Pty Ltd has provided you with the following information to assist in the budget preparation. The marketing department has estimated monthly sales as follows: Month Units July 6 000 August 7 000 September 5 000 October 4 000 November 3 000 The selling price per unit is R150 per unit. All sales are on credit. Based on the past experience, credit sales are expected to be collected in the following pattern: 40% in the month of sale. 50% in the month following sale. 10% uncollectable. The beginning of accounts receivable balance (excluding uncollectable amounts) on 1 July will be R130 000. The company maintains finished goods inventories equal 10% of the following month’s budgeted sales. The inventory of finished goods on 1 July will be 600 units. Each unit requires two (2) kilograms of Material B on hand at the end of each month equal to 20% of the following month’s production needs. The inventory of Material B on hand in July will be 2 400 kilograms. Material A costs R10 per kilogram. Each unit requires 1,5 hours at R50 per hour. Required: Filli in the missing figures by choosing the correct answer from the options provided: 1. Production budget August September Budgeted sales in units 7 000 5 000 Add: Blank 1 Blank 2 Blank 3 Total needs Less: Blank 4 Blank 5 Blank 6 Units to be produced Blank 7 Blank 8



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