Irwin Company has provided the following budget information for the first quarter of 2018 ack the icon to view the budget information) Additional data related to the first quarter of 2018 for Irwin Company: (Click the icon to view the data) Read the requirements - X 214.000 41,150 36 500 1,075 1.100 6,833 Requirement 1. Prepare Irwin Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018 Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Data Table Cash Receipts from Customers First Quarter 2018 Total sales Total sales Budgeted purchases of direct material Cash Receipts from Customers: Budgeted direct labor cost Accounts Receivable balance December 31, 2017 Budgeted manufacturing overhead costs 1st Sales Variable manufacturing overhead Total cash receipts from customers Depreciation Insurance and property taxes Accounts Receivable balance, March 31, 2018 Budgeted seling and administrative expenses Ist Sales, collected in and our Salaries expense Rent expense Prepare the schedule of cash payments for the first quarter of 2018 Insurance expense Cash Payments Depreciation expense First Quarter Supplies expense 2010 Total direct materials purchases Print Cash Payments Direct Materiais Accounts Payable balance December 31, 2017 Oectoral purchases Total payments for direct materials 10.000 3.500 1.800 200 8.560 Done Irwin Company has provided the following budget information for the first quarter of 2018 HIP Click the icon to view the budget information) Additional data related to the first quarter of 2018 for Irwin Company (Click the icon to view the data) Read the requirements Direct Labor: Total payments for direct labor Data Table Manutacturing Overhead: S Total payments for manufacturing overhead 214,000 41,150 36,500 Selling and Administrative Expenses: 1075 1.100 Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted seling and administrative expenses: Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense 6.833 Total payments for Selling and Admin. expenses 10,000 3.500 1,800 Income Taxes: Total payments for income taxes 200 8,560 Capital Expenditures Total payments for capital expenditures Print Done Total cash payments Accounts Payable balance, March 31, 2018 1st Direct materials purchases paid in and ar Irwin Company has provided the following budget information for the first quarter of 2018 Click the soon to view the budget information) Additional data related to the first quarter of 2018 for Irwin Company (Click the icon to view the data) Read the requirements Capital Expenditures Total payments for capital expenditures - X Data Table Total cash payments 214.000 4 1.150 36.600 Accounts Payable balance, March 31, 2018 Isto-Direct materials purchases paid in and Requirement 2. Prepare Irwin Company's cash budget for the first quarter of 2018 Review the schedule of cash receipts from customers you prepared in Requirement1 Review the schedule of cash payments you prepared in Requirement1 Irwin Company Cash Budget For the Quarter Ended March 31, 2018 1.075 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 Salaries expense Rent expense Insurance expense Depreciation expense 1,100 6.833 10 000 3.500 1.800 200 8.560 Purchase of tech materials Print Done Irwin Company has provided the following budget information for the first quarter of 2018 ack the icon to view the budget information) Additional data related to the first quarter of 2018 for Irwin Company: (Click the icon to view the data) Read the requirements - X 214.000 41,150 36 500 1,075 1.100 6,833 Requirement 1. Prepare Irwin Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018 Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Data Table Cash Receipts from Customers First Quarter 2018 Total sales Total sales Budgeted purchases of direct material Cash Receipts from Customers: Budgeted direct labor cost Accounts Receivable balance December 31, 2017 Budgeted manufacturing overhead costs 1st Sales Variable manufacturing overhead Total cash receipts from customers Depreciation Insurance and property taxes Accounts Receivable balance, March 31, 2018 Budgeted seling and administrative expenses Ist Sales, collected in and our Salaries expense Rent expense Prepare the schedule of cash payments for the first quarter of 2018 Insurance expense Cash Payments Depreciation expense First Quarter Supplies expense 2010 Total direct materials purchases Print Cash Payments Direct Materiais Accounts Payable balance December 31, 2017 Oectoral purchases Total payments for direct materials 10.000 3.500 1.800 200 8.560 Done Irwin Company has provided the following budget information for the first quarter of 2018 HIP Click the icon to view the budget information) Additional data related to the first quarter of 2018 for Irwin Company (Click the icon to view the data) Read the requirements Direct Labor: Total payments for direct labor Data Table Manutacturing Overhead: S Total payments for manufacturing overhead 214,000 41,150 36,500 Selling and Administrative Expenses: 1075 1.100 Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted seling and administrative expenses: Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense 6.833 Total payments for Selling and Admin. expenses 10,000 3.500 1,800 Income Taxes: Total payments for income taxes 200 8,560 Capital Expenditures Total payments for capital expenditures Print Done Total cash payments Accounts Payable balance, March 31, 2018 1st Direct materials purchases paid in and ar Irwin Company has provided the following budget information for the first quarter of 2018 Click the soon to view the budget information) Additional data related to the first quarter of 2018 for Irwin Company (Click the icon to view the data) Read the requirements Capital Expenditures Total payments for capital expenditures - X Data Table Total cash payments 214.000 4 1.150 36.600 Accounts Payable balance, March 31, 2018 Isto-Direct materials purchases paid in and Requirement 2. Prepare Irwin Company's cash budget for the first quarter of 2018 Review the schedule of cash receipts from customers you prepared in Requirement1 Review the schedule of cash payments you prepared in Requirement1 Irwin Company Cash Budget For the Quarter Ended March 31, 2018 1.075 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 Salaries expense Rent expense Insurance expense Depreciation expense 1,100 6.833 10 000 3.500 1.800 200 8.560 Purchase of tech materials Print Done