D’s Company Ltd expects to have a cash balance of $45000 on March 1, 2024.Relevant monthly budget data for the months of March and April are as follows:• Collections from customers: March $85000; April $150000• Payments for direct materials: March $50000; April $75000• Direct labour: March $30000; April $45000. Wages are paid in the month they are incurred.• Manufacturing overhead: March $21000; April $25000. These costs include depreciation of$1500 per month. All other overhead costs are paid as incurred.• Selling and administrative expenses: March $15000; April $20000. These costs are exclusive ofdepreciation. They are paid as incurred.• Sales of marketable securities in March are expected to be realised $12000 in cash.D’s Company Ltd. has a line of credit at a local bank that enables it to borrow up to$25000. Thecompany wants to maintain a minimum monthly cash balance of $20000. prepare cash budgets for march n april 2024
D’s Company Ltd expects to have a cash balance of $45000 on March 1, 2024.
Relevant monthly budget data for the months of March and April are as follows:
• Collections from customers: March $85000; April $150000
• Payments for direct materials: March $50000; April $75000
• Direct labour: March $30000; April $45000. Wages are paid in the month they are incurred.
• Manufacturing overhead: March $21000; April $25000. These costs include
$1500 per month. All other overhead costs are paid as incurred.
• Selling and administrative expenses: March $15000; April $20000. These costs are exclusive of
depreciation. They are paid as incurred.
• Sales of marketable securities in March are expected to be realised $12000 in cash.
D’s Company Ltd. has a line of credit at a local bank that enables it to borrow up to$25000. The
company wants to maintain a minimum monthly cash balance of $20000. prepare
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