Assume the following data for Pet Gear Company: 1 (Click the icon to view the assumptions.) Requirement (Click the icon to view budget information.) Prepare a cash budget for April for Pet Gear. (Round your answers to the nearest whole dollar.) Begin the cash budget by calculating the total cash available, then total disbursements, and finally the effects Cash Budget April 30 Cash balance, April 1 Add receipts Budget infor Pet Gear (PG) does not make any sales on credit. PG sells only to the public and accepts cash and credit cards. Of its sales, 90% are to customers using credit cards, for which PG gets the cash right away, less a 4% transaction fee. Purchases of materials are on account. PG pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, PG owes suppliers $8,600. PG plans to replace a machine in April at a net cash cost of $13,500. Labour, other production costs, and nonproduction costs are paid in cash in the month incurred except of course, depreciation, which is not a cash flow. For April, $24,000 of the production cost and $10,500 of the nonproduction cost is depreciation. PG currently has a $3,000 loan at an annual interest rate of 18%. The interest is paid at the end of each month. If PG has more than $10,000 cash at the end of April, it will pay back the loan. PG owes $5,400 in income taxes that need to be remitted in April. PG has cash of $6,000 on hand at the end of March. Total cash available for needs Deduct cash disbursements Total disbursements Print Done For the Month of April For the Month of April Units Selling price Total Revenues Machine setup costs 7,600 Cat-allac Dog-eriffic 600 $ 160 $ 96,000 78,000 300 260 Processing costs Inspection costs 51,900 700 $ 174,000 $ 60,200 Total Total Direct Manufacturing Labour Costs Budget For the Month of April Nonmanufacturing Costs Budget Output units DMLH Total produced per unit Cat-allac 620 3 Hours 1,860 $ Hourly Wage Rate For the Month of April Total Salaries $ 18,800 Dog-eriffic 285 5 1,425 8 8 $ 14,880 11,400 Other fixed costs 18,200 1,740 Sales commissions $ 26,280 $ 38,740 Total Total nonmanufacturing costs Next