A company sells annually 2,600 units of a 'Mixer' at Rs. 2,000 each. The details of cost per unit are as follows: Rs. Direct wages Raw and packing materials 800 400 Overhead 400 expenses Overhead expenses include Rs. 2.60 lakhs on depreciation. Production is evenly maintained over the year, on a weekly basis. All sales are on credit. Materials are introduced at the beginning of the process. The following additional information are also available: Average period Raw and packing materials in stock 4 weeks Work-in-progress (Materials - 100%, Labour and Overheads -50%) 1 week Finished goods 1 week Credit allowed to debtors 6 weeks Credit allowed by suppliers 4 weeks Cash balance to be maintained - Rs. 60,000 Calculate the net working capital requirements of the company.
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