Q.1 From the following information, prepare a statement showing working capital CO NO requirement using Total Approach: Budgeted Production 1,04,000 Units per annum 2.3 Element of Cost Raw Material Rs. 50 per unit Labour Rs. 30 per unit Rs. 60 per unit Overheads Total Cost Rs. 140 per unit Profit Rs. 30 per unit Selling Price Rs. 200 per unit 4 weeks Time Lag Raw Material holding Period WIP holding Period 2 weeks Finish Goods holding Period 4 weeks 8 weeks Average Collection Period Average Payment Period Lag in Payment of Wages 4 weeks 1.5 weeks It may be noted that production is carried on evenly during the year and wages. Expected cash in hand Rs. 25,000. Degree of Completion for Raw Material 100% Labour 50% Overheads 50% You may state your assumptions, if any