C) Complete a manufacturing overhead budget from the given information:

	July	August	September	Total
Budgeted MHs	2,000	5,000	7,000	14,000

The companys variable overhead rate is $4 per machine hour (MH). Total expected fixed overhead costs are $12,000 per month. Total non-cash fixed overhead expenses are $3,000 per month.

	July	August	September	Total
Budgeted MHs
VMOH rate
VMOH costs
FMOH costs
Total MOH costs
Less: non-cash
Cash disbursements for MOH

D) Complete a cash budget from the given information:

	July	August	September
Cash Receipts	$500,000	$425,000	$375,000
Cash Disbursements:
For materials	$250,000	$205,000	$185,000
For selling & admin	$100,000	$115,000	$95,000
For equipment	$200,000	$105,000	$0

The company started July with $40,000 in cash account. The company desires to keep a minimum cash balance of $50,000 at all times. The company can borrow at 12% interest (annual rate). Borrowing happens at the beginning of a month and repayments happen at the end of a month.

	July	August	September	Total
Beginning Cash bal.
+Cash receipts
=Cash Available
Less: Cash Disburse.
For materials
For S&A
For equipment
=Total cash disburse.
Excess/(Deficiency)
Borrowing
Repayment
Interest
Ending Cash bal.