Q1. The following is a cost sheet of a Company producing 48,000 similar types of products every year. Amount per Particulars unit (Rs.) Raw Materials 80 Labour 40 Factory Overheads 30 Selling and Distribution Cost 20 Net Profit 30 The following further particulars are given to you: (a) Raw materials remain in stock for 2 months while finished goods stock in carried for 3 month. (b) Credit allowed to customers is 3 months while credit allowed by suppliers of materials is 2 months. (c) Factory Overheads are paid at the end of the month. (d) Company has a policy to have bank balance of at least Rs. 1,50,000 on any date and cash holding worth 3 months factory overhead. (e) 20% of the total sale is for cash. You are required to prepare a statement of working capital requirements.
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Hmmmm I am in 8th std so I don't know answer
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