prepare cash budget - the total amount for the quarter is 1,473,574

(Other statements are attached for extra info)

all i have is prepare cash budget

(This is a continuation of the Waterways Problem from Chapters the Waterways Corporation is preparing its budgut further cote en 2017 The Fast step is to plan for the first quarter of that coming yeur Waterways gathered the fol lowing information from the mana Sales Unit sales for November 2016 112.500 Unit sales for December 2016 102.100 Expected unit sales for January 2017 113.000 Expected unit sales for February 2017 112.500 Expected unit sales for March 2017 116.000 Expected unit sales for April 2017 125.000 Expected unit sales for May 2017 137.500 Unit selling price $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receive able on December 31, 2016, totaled $183,780 Direct Materials Item Amount Used per Unit Inventory, Dec. 31 Metal 1 lb 584 per i 5.177.5 lbs Plastic 12 ore per or 3.883.125 lbs Rubber 45s pero 1.294.375 lbs 2. lbs per unit 103550 lbs Metal, plastic, and rubber together are 75e per pound per unit. Waterways likes to keep of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31. 2016, totaled $120.595 Raw Materials on December 31, 2016, totaled 11.295 pounds Direct Labor Labor requires 12 minutes per unit for completion and is paid at a rate of $8 per hour Manufacturing Overhead Indirect materials 30% per labor hour Indirect labor 50e per labor hour Utilities 45e per labor hour Maintenance 25e per labor our Salaries $42.000 per month Depreciation 516,800 per month Property taxes $ 2,675 per month Insurance $ 1.200 per month Janitorial $ 1.300 per month Selling and Administrative Variable selling and administrative cost per unit is $1.60 Advertising $15,000 a month Insurance $1,400 a month Salaries $72,000 a month Depreciation $ 2,500 a month Other fixed costs $ 3.000 a month Other Information The Cash balance on December 31, 2016, totaled $100,500, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2017. Dividends are paid each month at the rate of $2.50 per share for 5,000 shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 8% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $500,000 equipment purchase is planned for February. January February March Quarter $ $ $ Manufacturing Overhead Budget Particulars Variable Costs : Indirect Material Indirect Labor Utilities Maintenance Total Variable Cost Fixed Costs : Salaries Depreciation Property Taxes Insurance Maintenance Total Fixed Costs 6,777 $ 11,295 $ 10,166 $ 5,6485 33,885 $ 6,771 $ 11,285$ 10,157 $ 5,643$ 33,855 $ 7,014 20,562 11,690$ 34,270 10,521 $ 30,843 5,845 $ 17,135 35,070 $ 102,810 $ $ 42,000$ 42,000 $ 16,800 $ 16,800 $ 2,675$ 2,675 $ 1,200 $ 1,200 $ 1,300 $ 1,300 $ 63,975 $ 63,975 $ 42,000 $ 126,000 16,800 $ 50,400 2,675$ 8,025 1,200 $ 3,600 1,300 $ 3,900 63,975 $ 191,925 $ $ $ $ 97,860 $ 97,830 $ 22,590 22,570 99,045 $ 294,735 23,380 68,540 $ 4.30 Total Manufacturing Overhead Direct Labor Hours Predetermined Overhead Rate for the Quarter Selling and Administrative Expenses Budget Particulars Budget Sales in Units Variable Expenses per Unit Total Variable S & A Expenses January February March Quarter 113,000 112,500 116,000 341,500 1.60 $ 1.60 $ 1.60 $ 1.60 $ 180,800 $ 180,000 $ 185,600 $ 546,400 $ $ $ Advertising Insurance Salaries Depreciation Other Fixed Costs Total Fixed Expenses 15,000 $ 1,400$ 72,000 $ 2,500 $ 3,000 $ 93,900 $ 15,000 $ 1,400 $ 72,000 $ 2,500 $ 3,000 93,900 $ 15,000 $ 45,000 1,400$ 4,200 72,000 $ 216,000 2,500 $ 7,500 3,000 $ 9,000 93,900 $ 281,700 $ Total S&A Expenses $ 274,700 $ 273,900 $ 279,500 $ 828 100 Schedule of Expected Cash Collections Particulars January February March Quarter Accounts Receivables $ 183,780 $ 183,780 April Sales $ 1,152,600 $ 203,400 $ 1,356,000 May Sales $ 1,147,500 $ 202,500 $ 1,350,000 June Sales $ 1,183,200 $ 1,183,200 Total Cash Collections $1,336,380 $1,350,900 $1,385,700 $4,072,980 Schedule of Expected Cash Payments for Purchases Particulars January February March Quarter Accounts Payables $ 120,595 $ 120,595 January $ 84,709 $ 84,709 $ 169,418 February $ 84,789 $ 84,789 $ 169,579 March 88,026 88,026 Total Payments 205,304 $ 169,498 $ 172,815 $ 547,617