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A cash budget, by quarters, is given below for a retail company. The company requires a minimum cash balance of at least $8,000 to start

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A cash budget, by quarters, is given below for a retail company. The company requires a minimum cash balance of at least $8,000 to start each quarter. ( 5 marks) Required: Fill in the missing amounts in the above table (use BLUE color for the missing amounts). The production department of Smith Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal vear. (5 marks) Each unit requires 0.35 direct labor-hours, and direct labor-hour workers are paid $12.00 per hour. The company has a lay-off policy and there is no minimum guaranteed pay. In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $80,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $22,000 per quarter. Required: 1. Prepare the company's direct labor budget for the upcoming year (per quarter) 2. Prepare the company's manufacturing overhead budget

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