Puckett Company has provided the following budget information for the first quarter of 2018: Additional data related to the first quarter of 2018 for Puckett Company: E (Click the icon to view the budget information.) a (Click the icon to view the data.) Read the requirements. i Data Table Requirement 1. Prepare Puckett Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018. Total sales 2$ 216.000 Cash Receipts from Customers Budgeted purchases of direct materials 40,600 First Quarter Budgeted direct labor cost 36,800 2018 Budgeted manufacturing overhead costs: Total sales $ 216,000 Variable manufacturing overhead 1,025 Cash Receipts from Customers: Depreciation 1,000 Accounts Receivable balance, December 31, 2017 $ 21,600 Insurance and property taxes 6,650 1st Qtr.-Sales 162,000 Budgeted selling and administrative expenses: $ 183,600 Salaries expense 14,000 Total cash receipts from customers Rent expense 2,500 Insurance expense 2,000 Accounts Receivable balance, March 31, 2018: Depreciation expense 350 Enter any number in the edit fields and then click Check Answer. Supplies expense 4,320

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