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Sales in January were $ 4 6 0 , 8 0 0 and sales in February were $ 5 1 2 , 0 0 0
Sales in January were $ and sales in February were $
Direct materials purchases in January was and in February
Direct labor in January was and in February was
Manufacturing overhead in January was and in February was
Selling and administrative expenses in January was and in February was
All sales are on account. Collections are expected to be in the month of sale, in the first month following the sale, and in the second month following the sale. Sixty percent of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $ of depreciation per month.
Other data:
Credit sales: November $; December $
Purchases of direct materials: December $
Other receipts: January Collection of December notes receivable $; FebruaryProceeds from sale of securities $
Other disbursements: February Payment of $ cash dividend.
The company's cash balance on January is expected to be $ The company wants to maintain a minimum cash balance of $
Prepare a cash Budget for January and February in columnar form
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