2. Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,500. Cash receipts are expected to be $642,000 and cash payments for purchases are expected to be $609,500. Other cash expenses expected are $27,100 selling and $33,600 general and administrative. The company desires a minimum cash balance at the end of each month of $31,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

A. $69,000. B. $31,000 C. $8,300 D. $22,700 E. (28,200)

3. Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 20% of the next month's sales. It estimates that May's ending inventory will consist of 59,800 units. June and July sales are estimated to be 299,000 and 309,000 units, respectively. Trago assigns variable overhead at a rate of $3.70 per unit of production. Fixed overhead equals $419,000 per month. Compute the total budgeted overhead for June.

A. $1,113,700 B. $1,542,700 C.$1,532,700 D.$1,562,300 E.$1,525,300.

4. Zhang Industries budgets production of 220 units in June and 230 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $12.40 per hour. The indirect labor rate is $19.40 per hour. Compute the budgeted direct labor cost for July.

A. $4092. B. $4278. C. $10,971 D. $6402. E. $6693.

5. Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $95,600. b. Cash receipts from sales, $421,000. c. Budgeted cash payments for purchases, $276,000. d. Budgeted cash payments for salaries, $96,600. e. Other budgeted cash expenses, $58,600. f. Cash repayment of bank loan, $33,600. g. Budgeted depreciation expense, $35,600.

A. $110,400. B. $85,400. C. $74,800. D.$16,200. E.$51,800.