Cool Mint Inc. is preparing its cash budget for the first two months of the year. The following information is provided. Collections from customers Payments to suppliers Direct labour* January Selling and administrative expenses* (exclusive of depreciation) $40,000 $20,000 $15,000 Manufacturing overhead* (include depreciation of $500 per $10,000 month) $5,000 February $60,000 $22,000 $17,000 I $10,000 $3,000

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Cool Mint Inc. is preparing its cash budget for the first two months of the year. The following information is provided. January February Collections from customers $40,000 $60,000 Payments to suppliers $20,000 $22,000 Direct labour $15,000 $17,000 I Manufacturing overhead* (include depreciation of $500 per $10,000 $10,000 month) Selling and administrative expenses* (exclusive of depreciation) $5,000 $3,000 Cool Mint Inc. is preparing its cash budget for the first two months of the year. The following information is provided. January February Collections from customers $40,000 $60,000 Payments to suppliers $20,000 $22,000 Direct labour $15,000 $17,000 I Manufacturing overhead* (include depreciation of $500 per $10,000 $10,000 month) Selling and administrative expenses* (exclusive of depreciation) $5,000 $3,000