A proforma cost sheet of a company provides the following particulars. %0 10% Raw materials Direct labour Overheads 30% The following further particulars are available: 1. Raw materials are to remain...

A proforma cost sheet of a company provides the following particulars. %0 10% Raw materials Direct labour Overheads 30% The following further particulars are available: 1. Raw materials are to remain in stores on an average 6 weeks. 2. Work-in-progress (assume 50% completion stage, with full material consumption), processing time, 4 weeks 3. Finished goods are required to be in stock on an average period, 8 weeks 4. Credit period allowed to debtors, 10 weeks 5. Lag in payment of wages, 2 weeks 6. Credit allowed by creditors, 4 weeks 7. Selling price per unit, 50 per unit You are required to prepare an estimate of working capital requirements adding 10% margin for contingencies for a level of activity of 1,30,000 units of production.