***Oure: 0.81%, 2.23 of Assume the following data for Animal Transport Company Click the icon to view the assumptions) Click the icon to view budget Wormation) Requirements 1 Prepare a cash budget for Art for Animal Transport 2. Why do Animal Transports managers prepares con budget in addition to the revenue, expertes, and operating income budowl? Requirement 1. Prepare a cash budget for April for Animal Transport Begin the cash budget by cutouting the cash valle, then tot dubursements, and tray the facts of trancing and the ending can botance. Round your own the nearest who starter oyment of contences com does not exceed $10,000 at the end of Art) Cash Budget April 34 Cash balance, beginning 5000 Cash sales Credit card sales Total cash available for needs 4 of 4 (3 complete) Reference Revenue Budget For the Month of April Units Selling price Total Revenues 580 $ 190 $ 110,200 215 260 55,900 $ 166,100 Cat-allac Dog-eriffic Total Manufacturing Overhead Budget For the Month of April Machine setup costs 9,100 Processing costs 60,000 Inspection costs 480 $ Total 69,580 Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced Hours Wage Rate Total 600 3 1,800 $ 14 $ 25,200 per unit Cat-allac Print Done MADO 4 of 4 (3 complete) Reference 30 TS the nearest Machine setup costs $ 9,100 Processing costs 60,000 480 Inspection costs $ Total 69,580 Direct Manufacturing Labor Costs Budget For the Month of April Output units DMLH Total Hourly produced Hours Wage Rate Total 600 3 1,800 $ 14 $ 25,200 200 5 1,000 14 14,000 per unit Cat-allac Dog-eriffic Total $ 39,200 Nonmanufacturing Costs Budget For the Month of April Salaries $ 18,200 Other fixed costs 16,000 Sales commissions 1,661 $ Total nonmanufacturing costs 35,861 Print Done hole Animal Transport (AT) does not make any sales on credit. AT sells only to the public and accepts cash and credit cards: 90% of its sales are to customers using credit cards, for which AT gets the cash right away, less a 3% transaction fee. Purchases of materials are on account. AT pays for half the purchases in the period of the purchase and the other half in the following period. At the end of March, AT owes suppliers $8,700. During April they plan to purchase direct materials worth $13,430. AT plans to replace a machine in April at a net cash cost of $13,300. Labor, other manufacturing costs, and nonmanufacturing costs are paid in cash in the month incurred except of course depreciation, which is not a cash flow. Depreciation is $24,500 of the manufacturing cost and $10,500 of the nonmanufacturing (fixed) cost for April AT currently has a $2,600 loan at an annual interest rate of 12%. The interest is paid at the end of each month. If AT has more than $10,000 cash at the end of April it will pay back the loan. AT owes $5,000 in income taxes that need to be remitted in April. AT has cash of $5,400 on hand at the end of March