Assume the following data for Pet Luggage Company (Click the icon to view the assumptions.) Requirement (Click the icon to view budget information) Prepare a cash budget for April for Pet Luggage. (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 of financing and the ending cash balance. (Round amounts to the nearest whole dollar.) Cash Budget Cash balance, April 1 Add receipts Cash sales April 30 6000 Total cash available for needs: Budget information Revenue Budget For the Month of April Selling price Total Revenues mar to) HW Score: 6.5% 6.5 of 100 Manufacturing Overhead Budget For the Month of April Units Machine setup costs S 7,700 Cat-allac 600 $ 160 $ 96,000 Processing costs 51,800 Dog-eriffic 87,000 600 290 300 Inspection costs S 183,000 60,100 Total Total Direct Manufacturing Labour Costs Budget For the Month of April Nonmanufacturing Costs Budget For the Month of April Output units produced per unit DMLH Total Hours Wage Rate Hourly Total Salaries Cat-allac 620 3 1,860 $ 14 $ 26,040 Other fixed costs Dog-eriffic 275 5 1,375 14 19,250 Sales commissions Total $ 45,290 Total nonmanufacturing costs Print Done $ 18,400 17,800 1,830 $ 38,030 A Assumptions - - X Pet Luggage (PL) does not make any sales on credit. PL sells only to the public and accepts cash and credit cards. Of its sales, 90% are to customers using credit cards, for which PL gets the cash right away, less a 4% transaction fee. Purchases of materials are on account. PL pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, PL owes suppliers $8,300 . PL plans to replace a machine in April at a net cash cost of $13,300. 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, $21,000 of the production cost and $14,000 of the nonproduction cost is depreciation. PL currently has a $2,200 loan at an annual interest rate of 12%. The interest is paid at the end of each month. If PL has more than $10,000 cash at the end of April, it will pay back the loan. PL owes $4,800 in income taxes that need to be remitted in April. PL has cash of $6,000 on hand at the end of March. Print Done g ca