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Cool Mint Inc. is preparing its cash budget for the first two months of the year. The following information is provided. Collections from customers Payments
Cool Mint Inc. is preparing its cash budget for the first two months of the year. The following information is provided. Collections from customers Payments to suppliers Direct labour* January Selling and administrative expenses* (exclusive of depreciation) $40,000 $20,000 $15,000 Manufacturing overhead* (include depreciation of $500 per $10,000 month) $5,000 February $60,000 $22,000 $17,000 I $10,000 $3,000
Cool Mint Inc. is preparing its cash budget for the first two months of the year. The following information is provided. January February Collections from customers $40,000 $60,000 Payments to suppliers $20,000 $22,000 Direct labour $15,000 $17,000 I Manufacturing overhead* (include depreciation of $500 per $10,000 $10,000 month) Selling and administrative expenses* (exclusive of depreciation) $5,000 $3,000
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