cany Company has provided the following budget information for the 2004 Ce the con to view the information) Additional de 2014 may the conte Data 1 110.000 Requirement 1. Prepare Langley Company's schedule of chrom customers and schedule of a personer of 2004 Begin by preparing the schedule of cash receipts from customers for the best of 2004 Cash Receipts from Customers First Quarter 2024 Total Cash Receipts from Customers Account cevable balance, December 31, 2023 1st Quae Totalcash receipts from customers musthofa Bugorot be Budged maling over 700 Depreciation un and property Honda pon Super AD Accounts Receivable balance, March 31, 2024 toote-Sales, collected in 2nd Prepare the schedule of cash payment for the first quarter of 2004 Cash Payments Done son Langley Company has provided the following budget information for the first quarter of 2024 m (Click the loon to view the budget information.) Additional data related to the first quarter of 2024 for Langley Compan Click the icon to view the data) Read the rements Prepare the schedule of cash payments for the first quarter of 2024. Cash Payments More Info First Quarter 2024 Total direct materials purchases Cash Payments Direct Materials: Accounts Payable balance, December 31, 2023 18+ Qur-Direct material purchases Total payments for direct materials a. Capital expenditures include $37.000 for new manufacturing equipment to be purchased and paid in the first quarter. b. Cash receipts are 70% of sales in the quarter of the sale and 30% in the quarter following the sale e Direct materials purchases are paid 50% in the quarter purchased and 50% in the next quarter d. Direct labor, manufacturing overhead, and selling and administrative couts are paid in the quarter incurred. .. Income tax expense for the first quarter is projected at $11.000 and is paid in the quarter incurred 1. Langley Company expects to have adequate cash funds and does not anticipato borrowing in the first quarter 9. The December 31, 2023, balance in Cash is $40,000 in Accounts Receivable is $23,200, and in Accounts Payable in $12.800, Direct Labor: Total payments for direct labor Manufacturing Overhead Print Done Choose from any list or enter any number in the input fields and then continue to the next question, OF 3 Tu complete Langley Company has provided the following budget information for the first quarter of 2024: (Click the icon to view the budget information.) Additional data related to the first quart (Click the icon to view the data) Manufacturing Overhead: Read the timents More Info Total payments for manufacturing overhead Selling and Administrative Expenses: a. Capital expenditures include $37.000 for new manufactu purchased and paid in the first quarter b. Cash receipts are 70% of sales in the quarter of the sale quarter following the sale c. Direct materials purchases are paid 50% in the quarter the next quarter d. Direct labor, manufacturing overhead, and selling and adu paid in the quarter incurred. . Income tax expense for the first quarter is projected at 54 the quarter incurred f. Langley Company expects to have adequate cash funds anticipate borrowing in the first quarter. 9. The December 31, 2023, balance in Cash is $40.000. In A is $23,200, and in Accounts Payable is $12.800 Total payments for Selling and Admin. expenses Income Taxes: Total payments for income taxes Print Done Capital Expenditures: Choose from any list or enter any number in the input fields and then continue to the next question Langley Company has provided the following budget information for the first quarter of 2024 Click the icon to view the budget information.) Additional data related to the first quarter of 2024 for Langu Click the icon to view the data) Read the remontas More Info Accounts Payable balance, March 31, 2024 1st - Direct materials purchases, paid in 2nd Qtr. Requirement 2. Prepare Langley Company's cash budget for the first quarter of 2024 Review the schedule of cash receipts from customers you prepared in Requirement Review the schedule of cash payments you prepared in Requirement1 Langley Company Cash Budget For the Quarter Ended March 31, 2024 Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Income taxes Capital expenditures include $37.000 for new mandaduring equipment to be purchased and paid in the first quarter b. Cash receipts are 70% of sales in the quarter of these and 30% in the quarter following the sale c. Direct materials purchases are paid 50% in the purchased and 50% the next quarter d. Direct labor, manufacturing overhead, and selling and administrative care paid in the quarter incurred o. Income tax expense for the first quarter is projected at $41.000 and is paid in the quarter incurred f. Langley Company expects to have adequate cash funds and does not anticipate borrowing in the first quarter 9. The December 31, 2023, balance in Cash is $40.000, in Accounts Receivable is $23.200, and in Accounts Payable is $12.800 Print Done Choose from any list or enter any number in the input fields and then continue to the next question. Review the schedule of cash receipts from customers you prepared in Requirement 1. Review the schedule of cash payments you prepared in Requirement 1. Langley Company Cash Budget For the Quarter Ended March 31, 2024 Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Income taxes Capital expenditures Total cash payments Ending cash balance Choose from any list or enter any number in the input fields and then continue to the next ques Langley Company has provided the following budget information for the first quarter of 2024 Additional data related to the first quarter of 2024 for Langley Cor (Click the icon to view the budget information) (Click the icon to view the data) Read the requirements Requirement 1. Prepare Langley Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024 Begin by preparing the schedule of cash receipts from customers for the first quarter of 2024 Data Table Cash Receipts from Customers First Quarter 2024 5 Total salon Cash Receipts from Customers: Accounts Receivable balance, December 31, 2023 218,000 40,000 37,200 1st Qur-Sales 1,075 700 Total cash receipts from customers Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing overhead costs Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses Salarios expenso Rent expense Insurance expenso Depreciation expense Supplies expense 6.833 11,000 1,800 Accounts Receivable balance, March 31, 2024 1st tr-Sales, collected in 2nd Qte. Prepare the schedule of cash payments for the first quarter of 2024 Cash Payments First Quarter 2024 1,300 150 2.180 Print Done Choose from any list or enter any number in the input fields and then continue to the next questid Langley Company has provided the following budget information for the first quarter of 2024 Click the icon to view the budget information.). Additional data related to the first quarter of 2024 Click the icon to view the data) Read the requirements Accounts Receivable balance, March 31, 2024: 1st Qtr-Sales, collected in 2nd Qir. Prepare the schedule of cash payments for the first quarter of 2024 Cash Payments First Quarter Requirements 2024 1. Prepare Langley Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024 2. Prepare Langley Company's cash budget for the first quarter of 2024 Print Done Total direct materials purchases Cash Payments Direct Materials: Accounts Payable balance, December 31, 2023 1st Qtr Direct material purchases Total payments for direct materials Direct Labor: Total payments for direct labor Manufacturing Overhead: Choose from any list or enter any number in the input fields and then continue to the next question Langley Company has provided the following budget information for the first quarter of 2024: (Click the icon to view the budget information.). Addition (Clic Read the Manufacturing Overhead: Requirements Total payments for manufacturing overhead Selling and Administrative Expenses: 1. Prepare Langley Company's schedu schedule of cash payments for the fire 2. Prepare Langley Company's cash buc Print Total payments for Selling and Admin. expenses Income Taxes: Total payments for income taxes Capital Expenditures: Total payments for capital expenditures Choose from any list or enter any number in the input fields and then continue to the next question, budget information for the first quarter of 2024: (Click the icon to view the budget information.). Additiona (Click Read the Income Taxes: Total payments for income taxes 0 Requirements Capital Expenditures: Total payments for capital expenditures 1. Prepare Langley Company's schedule schedule of cash payments for the first 2. Prepare Langley Company's cash buds Total cash payments Print Accounts Payable balance, March 31, 2024 1st Qtr.-Direct materials purchases, paid in 2nd Qtr. Requirement 2. Prepare Langley Company's cash budget for the first quarter of 2024. Review the schedule of cash receipts from customers you prepared in Requirement 1. Review the schedule of cash payments you prepared in Requirement 1. Langley Company Cash Budget For the Quarter Ended March 31, 2024 Beginning cash balance Cash receipts Choose from any list or enter any number in the input fields and then continue to the next question. VOLUNULANUMIVU PUUTUM Requirement 2. Prepare Langley Company's cash budget for the first quarter of 2024. Review the schedule of cash receipts from customers you prepared in Requirement 1. Review the schedule of cash payments you prepared in Requirement 1. 0 Requirements 1. Prepare Langley Company schedule of cash payments 2. Prepare Langley Company's Langley Company Cash Budget For the Quarter Ended March 31, 2024 Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Income taxes Capital expenditures Total cash payments Ending cash balance Choose from any list or enter any number in the input fields and then continue to the next
