FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Input Data (USD) Budgeted sales April (units) May (units) June (units) July (units) August (units) Selling Price/unit Cash collection pattern Month of sale Following month Uncollectible Cash payments for materials Month of purchase Following month Production requirements Raw material per unit (lb) Raw mat. cost per lb Direct labor hours per unit Direct labor rate per hour Variable MOHD per DL hour Fixed MOHD per month Depreciation in Fixed MOHD Selling & administrative costs Variable S&A cost per unit sold Fixed S&A cost per month Depreciation in Fixed S&A cost Other cash outflows Cash dividends paid each month Equipment purchases May Equipment purchases June Desired ending inventory Finished Goods Raw Materials Cash (S) Beginning account balances - March 31 Cash (S) Accounts Receivable ($) Finished Goods inventory FG cost per unit FG inventory (units) Raw Materials inventory Raw Materials (lb) Accounts Payable ($) Land Buildings and equipment Accumulated Depreciation Common stock…arrow_forwarddraw up the Production Budget for January and February 2024arrow_forwardQS 20-24 (Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts from sales, $308,000. c. Cash payments for direct materials, $140,000. d. Cash payments for direct labor, $79,000. e. Cash payments for overhead, $37,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $170 (1% of beginning loan balance of $17,000) h. Cash repayment of loan, $17,000. Prepare a cash budget for March for Gado Company. Total cash available GADO COMPANY Cash Budget Marcharrow_forward
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