Walter Company has the following information for the month of March: Cash balance, March 1 $...
Walter Company has the following information for the month of
March:
| Cash balance, March 1 | $ | 17,820 |
| Collections from customers | 41,450 | |
| Paid to suppliers | 23,300 | |
| Manufacturing overhead | 7,100 | |
| Direct labor | 8,750 | |
| Selling and administrative expenses | 5,200 | |
Walter pays all expenses in the month incurred. Manufacturing
overhead includes $1,700 for machinery depreciation, but the amount
for selling and administrative expenses is exclusive of
depreciation. Additionally, Walter also expects to buy a piece of
property for $8,000 during March. Walter can borrow in increments
of $1,000 and would like to maintain a minimum cash balance of
$11,000.
Required:
Prepare Walter’s cash budget for the month of March
|
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Walter Company has the following information for the month of
March:
Cash balance, March 1
$...
Walter Company has the following information for the month of March: $ Cash balance, March 1...
Walter Company has the following information for the month of March: $ Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses 18,420 43,500 23,700 7,500 8,950 5,600 Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,900 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $8,400 during March. Walter can borrow...
Walter Company has the following information for the month of March: Cash balance, March 1 Collections...
Walter Company has the following information for the month of March: Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 19,320 46,500 24,300 8,100 9,250 6,200 Walter pays all expenses in the month incurred. Manufacturing overhead includes $2,200 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $9,000 during March. Walter can borrow...
Walter Company has the following information for the month of March: $ Cash balance, March 1 Collections from customers...
Walter Company has the following information for the month of March: $ Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses 16,920 38,450 22,700 6.500 8,450 4,600 Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,400 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $7,400 during March. Walter can borrow...
Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,550 for machinery depreciation, but...
Walter pays all expenses in
the month incurred. Manufacturing overhead includes $1,550 for
machinery depreciation, but the amount for selling and
administrative expenses is exclusive of depreciation. Additionally,
Walter also expects to buy a piece of property for $7,700 during
March. Walter can borrow in increments of $1,000 and would like to
maintain a minimum cash balance of $10,000.
Walter Company has the following information for the month of March: Cash balance, March 1 Collections from customers Paid to suppliers...
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Danner Company expects to have a cash balance of $52,965 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $100,045, February $176,550. Payments for direct materials: January $58,850, February $88,275. Direct labor: January $35,310, February $52,965. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,717, February $29,425. These costs include depreciation of $1,765 per month. All other overhead costs are paid as incurred....
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Indigo Company expects to have a cash balance of $45,810 on January 1, 2017. Relevant monthly...
Indigo Company expects to have a cash balance of $45,810 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $86,530, February $152,700. Payments for direct materials: January $50,900, February $76,350 Direct labor: January $30,540, February $45,810. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,378, February $25,450. These costs include depreciation of $1,527 per month. All other overhead costs are paid as incurred...
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Johnson Company expects to have a cash balance of $51,300 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows: Collections from customers: January $96,900, February $171,000 Payments for direct materials: January $57,000, February $85,500 Direct Labor: January $34,200, February $51,300. Wages are paid in the month they are incurred. Manufacturing overhead: January $23,940, February $28,500. These costs include depreciation of $1,710 per month. All other overhead costs are paid as incurred....
3. Prena 1. Prepare a schedule of cash collections for January, February, and March, and for...
3. Prena 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit.) Prepare a direct materials budget. 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. 5. Prepare a cash payments budget for direct labor. 6. Prepare a cash payments budget for manufacturing overhead costs. 7. Prepare a cash payments...
Flounder Company expects to have a cash balance of $52,470 on January 1, 2017. Relevant monthly...
Flounder Company expects to have a cash balance of $52,470 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $99,110, February $174,900. Payments for direct materials: January $58,300, February $87,450. Direct labor: January $34,980, February $52,470. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,486, February $29,150. These costs include depreciation of $1,749 per month. All other overhead costs are paid as incurred....
Walter Company has the following information for the month of March: $ Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses 18,420 43,500 23,700 7,500 8,950 5,600 Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,900 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $8,400 during March. Walter can borrow...
Walter Company has the following information for the month of March: Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 19,320 46,500 24,300 8,100 9,250 6,200 Walter pays all expenses in the month incurred. Manufacturing overhead includes $2,200 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $9,000 during March. Walter can borrow...
Walter Company has the following information for the month of March: $ Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses 16,920 38,450 22,700 6.500 8,450 4,600 Walter pays all expenses in the month incurred. Manufacturing overhead includes $1,400 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $7,400 during March. Walter can borrow...
Walter pays all expenses in
the month incurred. Manufacturing overhead includes $1,550 for
machinery depreciation, but the amount for selling and
administrative expenses is exclusive of depreciation. Additionally,
Walter also expects to buy a piece of property for $7,700 during
March. Walter can borrow in increments of $1,000 and would like to
maintain a minimum cash balance of $10,000.
Walter Company has the following information for the month of March: Cash balance, March 1 Collections from customers Paid to suppliers...
Sarasota Company expects to have a cash balance of $59,985 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $113,305, February $199,950. Payments for direct materials: January $66,650, February $99,975 Direct labor: January $39,990, February $59,985. Wages are paid in the month they are incurred. Manufacturing overhead: January $27,993, February $33,325. These costs include depreciation of $1,999 per month. All other overhead costs are paid as incurred...
Indigo Company expects to have a cash balance of $45,810 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $86,530, February $152,700. Payments for direct materials: January $50,900, February $76,350 Direct labor: January $30,540, February $45,810. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,378, February $25,450. These costs include depreciation of $1,527 per month. All other overhead costs are paid as incurred...
3. Prena 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit.) Prepare a direct materials budget. 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. 5. Prepare a cash payments budget for direct labor. 6. Prepare a cash payments budget for manufacturing overhead costs. 7. Prepare a cash payments...
Flounder Company expects to have a cash balance of $52,470 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $99,110, February $174,900. Payments for direct materials: January $58,300, February $87,450. Direct labor: January $34,980, February $52,470. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,486, February $29,150. These costs include depreciation of $1,749 per month. All other overhead costs are paid as incurred....
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