MW Limited manufactures a single product, a Tu. The finance director prepares monthly budgets. The following budgeted information is available for the first three months of 2015. The selling price...

MW Limited manufactures a single product, a Tu. The finance director prepares

monthly budgets. The following budgeted information is available for the first three

months of 2015.

1. The selling price will be fixed at Rs.60 per unit. In January 2015 sales are expected to be 24 000 units. It is anticipated that there will be a 5% increase in sales volume in every subsequent month up to April 2015.

1. The finished goods inventory level at the end of each month will be maintained at one-third of the expected sales volume in the following month. The inventory of finished goods at 31 December 2014 is expected to be 7500 units with a value of Rs.242000. The finished goods inventory value at 31 March 2015 is expected to be Rs.298000.

1. Each unit of Tu requires 10 kilos of raw material. The closing inventory of raw materials each month is expected to meet 20% of the production requirement of the following month. The inventory of raw materials at 31 December 2014 is expected to be 48000 kilos. The purchase price will remain at Rs.1.50 per kilo.

D: Calculate the sales budget for the month of January 2015

E: Calculate the sales budget for the month of February 2015

F: Calculate the sales budget for the month of March 2015