Question: Please find the below attached question and give the answer properly. 4. Texas Manufacturing Company Ltd. is to start production on 1st January, 2009. The

Please find the below attached question and give the answer properly.

Please find the below attached question and give the answer properly. 4.

4. Texas Manufacturing Company Ltd. is to start production on 1st January, 2009. The prime cost of a unit is expected to be Rs. 400 out of which Rs. 160 is for materials and Rs 24 for labour. In addition, variable expenses per unit are expected to be Rs. 80 and fixed expenses per month Rs 300000. Payment for materials is to be made in the month following the purchases. One-third of sales will be for cash and the rest on credit for settlement in the following month. Expenses are payable in the month in which they are incurred. The selling price is fixed at Rs 800 per unit. The numbers of units manufactured and sold are expected to be as under: Jan April 9000 21000 Feb May 12000 21000 March June 18000 24000 Draw up the statement showing requirement of working capital from month to month

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