I need help with preparing a cash budget. If anyone can help me it will be much appreciated, along with putting the solutions on how to get them.
ADMN-3021H-A: Fundamentals c X myTrent X WileyPLUS X C A Corporation Has Recently Acqu x C Get Homework Help With Chegg x + X -> C D a edugen.wileyplus.com/edugen/Iti/main.uni G OA O :Apps @ Chapter 11 microec... Login PUMA Clyde Court.. Return to Blackboard WileyPLUS Weygardt, Managerial Accounting, Fifth Canadian Edition Help | System Announcements PRINTER VERSION . BACK NEXT ASSIGNMENT RESOURCES Master B Question 1 Question 1 Waterways Corporation has recently acquired a small manufacturing op are stores in British Columbia and A udgeting process for the second quarter of 2021. Review Score Jordan asked the various managers to collect the following informatic uarter budget. Review Results by Study Objective Sales Unit sales for February 2021 $90,000 Unit sales for March 2021 102,000 Expected unit sales for April 2021 110,000 ected unit sales for May 2021 115,000 Expected unit sales for June 2021 120,000 Expected unit sales for July 2021 135,000 Expected unit sales for August 2021 160,000 Average unit selling price Based on the experience in the h r. The new plant has no bad debts. Direct Materials The combined quantity of direct materials (consi materials on March 31 consisted of 14,365 kg. This plant likes to keep 10% of the ma needed for the next month in its ending inventory. Fifty percent of the payables is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts payable on March 31 will total $124,800. Direct Labour Labour requires 15 minutes per unit for completion and is paid at an average rate of $10 per hour. Manufacturing Overhead Indirect materials $0.30 per labour hour Indirect labour 0 per labour hour Utilities $0.50 per labour hour Maintenance $0.30 per labour hour Salaries $44,200 per month Depreciation $15,000 pe Property taxes $2,150 per month Insurance $1,200 per month Janitorial $2,500 per month Selling and Administrative Variable selling and administrative expenses per unit are $1.40. dvertising $13,000 a month Depreciation $2,800 a month Insurance $1,100 a month Other fixed costs $3,400 a month Salaries $74,000 a month Other Information The cash balance on March 31 will be $136,500, but Waterways has decided it would like to maintain a cash balance of at least $500,000 beginning on April 30. The company has an open line of credit with its bank. The terms of the agreement rowing to be in $1,000 increment owing is considered to be on the first day of the month and repayments and interest payments are on the last day of the month. In May, $900,000 of new Three months' insurance is prepaid on the first day of the first month of the quarter. For the second quarter of 2021, prepare a sales budget. Sales Budget for the 2nd Quarter, 2021 April May June Total Sales in units Per unit selling price Total expected sales Start a search Se onwr ENG 12:30 AM 2020-06-08
