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  3. q3. prepare a production budget from the following

Q3. Prepare a production budget from the following information presented by Oman trading Co. LLC...

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Accounting

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Q3. Prepare a production budget from the following information presented by Oman trading Co. LLC for products "p" and "Q" for the first quarter of 2021 (5 Marks) P Sales (in Units) for the 1st Quarter 2020: Q January February 20,000 15,000 15,000 20,000 March 25,000 25,000 Selling price per unit OMR 5 OMR 10 10% 10% Nil Nil Targets for 1st Quarter 2021: Sales Quantity increase Sales Price increase Stock Position 1st January 2021: (Stock Position in January 2021, 50% of expected sales) Stock Position 31st March 2021 50% 50% 10,000 20,000 Percentage of subsequent month sales 50% 50% (Hint: Prepare the production budget for 1st quarter of 2021 which is for three months January, February and March based on the sales made in 2020)

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