Prepare a cash budget for august, september and october.

The following data and estimates are available for Morrocan Enterprises for August, September and October

$2022$

$.$

The following information is available regarding purchases of direct materials.

August $=$ R$15000$

September $=$R$27000$

October $=$ R$29000$

August: September: October

Sales R$11000$ R$220000.$ R$330000$

Wages R$28000$ R $34000$ R$35000$

Fixed overheads R$18500.$ R$18500$ R$18500$

Variable overheads R$9000$ R$11000$ R$10000$

Additional information

$30\%$of sales are for cash, cash sales for July amounted to R$99000$

$.$Credit sales are repaid in the following

month of sale.

Since wages are paid on specific days, only

$75\%$

of a month's budgeted wages are paid in that month. The rest is

paid in the following month. R$6000$

$$of the wages for July are due to be paid during August.

Fixed overheads include R

$2000$

$$per month for depreciation. Payment of fixed overheads is delayed by one

month. July's fixed overheads amounted to

R$18500$

$\mathrm{.}60\%$of the Direct materials is paid for in the month in which they were incurred and $40\%$

$$is to be paid one month later. Direct materials for July amounted to R$12500$

$.$

Purchases of variable overheads are paid for in the month purchased

The opening cash balance in August is R$27800$

$.$

A tax bill of

R$42000$ is to be paid in August.