LLI Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January-March). The Accrued Expenses Payable balance on January 1 is $30,200. The budgeted expenses for the next three months are as follows: Salaries Utilities Other operating expenses Total January February March $69,500 $84,600 $93,600 5,700 6,300 7,600 52,800 $128,000 57,600 $148,500 63,400 $164,600 Other operating expenses include $3,800 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previou year. Of the remaining expenses, 80% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 Payments of prior month's expense Payments of current month's expense Total cash payments January February March x x x x x Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet Supervisor salaries Depreciation Direct labor rate 20 minutes $111,000 per month $23,000 per month $15 per hour Prepare a flexible budget for 9,000, 11,000, and 14,000 filing cabinets for the month of March in the Assembly Department similar to Exhibit 5. Enter all amounts as positive numbers. Cabinaire Inc. Assembly Department Budget Month Ending March 31 (assumed data) Units of production 9,000 11,000 14,000 Variable cost: Direct labor 6,750 X 8.250 X 10,500 Total variable cost 6,750 X 8,250 X 10,500 Fixed cost: Supervisor salaries 111,000 111,000 111,000 Depreciation 21,000 23,000 23,000 Total fixed cost 134,000 134,000 134,000 V Total department costs 140,750 X 142,250 X 144,500