Data table Total sales $ 200,000 Budgeted purchases of direct materials 41,300 Budgeted direct labor cost 37,400 Budgeted manufacturing overhead costs Variable manufacturing overhead 1,119 Depreciation 600 Insurance and property taxes Budgeted selling and administrative 6.550 expenses: Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense Print Done 11,000 1,500 1,900 450 4,180 Requirements 1. Prepare Humble Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024 2. Prepare Humble Company's cash budget for the first quarter of 2024 Print Done Humble Company has provided the following budget information for the first quarter of 2024: (Click the icon to view the budget information.) Requirement 1. Prepare Humble 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. Cash Receipts from Customers First Quarter 2024 Additiona (Click Read the Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2023 1st Qtr-Sales Total cash receipts from customers Accounts Receivable balance, March 31, 2024: 1st Qtr-Sales, collected in 2nd Qtr. Prepare the schedule of cash payments for the first quarter of 2024. Cash Payments Data table Total sales Budgeted purchases of direct $ 209,000 materials 41,300 Budgeted direct labor cost Budgeted manufacturing overhead 37,400 costs Variable manufacturing overhead 1,119 Depreciation 600 Insurance and property taxes 6,550 Budgeted selling and administrative 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: Total payments for manufacturing overhead Selling and Administrative Expenses: First Quarter 2024 expenses: Salaries expense 11,000 Rent expense 1,500 Insurance expense 1,900 Depreciation expense 450 Supplies expense 4,180 Print Done $300,000 Budgied purchases of dec 41.300 Budgeted direct labor cost 37.400 Budgeted manufacturing Variable manufacturing overhead 1.129 000 urance and property tax 6,500 Budgeted selling and adv expenses 11,000 1,500 1.900 Depreciation expense 450 Doppe 4100 Total payments for Selling and Adrin expenses Income Taxes Total payments for income taxes Capital Expenditures Total payments for capital expenditures Tatal cash payments Accounts Payable balance, March 31, 2024 1st Qir-Drect materials purchase ad 2nd Requirement 2, Prepere Humble Company's cash budget for the first quarter of 2024 Review the schedule of cash recepts from customers you prepared in Requiremen Review the schedule of cash payments you prepared in Requirement Humble Comp Quarter Ended March 31,2524 Diza table C Cash Print Done Cash paymen Purchases of direc Direct labor Manuladung overheat Being and administrative expenses Capital expendrues Tona cash payment Ending ne Requirements 1. Prepare Humble Company's schedule of cash receipts hom customers and schedule of cash payments for the fr quarter of 2024 2. Prepare Humble Company's cash budget for the firs Quarter of 2024 Print Done