r e Collections from w est Rapary $2.450, Rey 150 Payments for direct materiar 50 y 10 Director of H. W w in the math they are in Manchuring all arwary 20 y 27,350. The conclude depreciation of 14 t h Alther events we Selling and administrative expresar $16.50. February $21.00. The o w ne of deprecate. They are paid as incurred Sales of marketable carties in l ary are expected to real $13,000 inch Dar umpany has a necr o cal bank that r es cah budaya DABER COMPANY For the The Month Ending bary 23. 2000 o r ts $27.250. The.com CALCULATOR PRINTER VERSION BACK Exercise 24-14 Danner Company expects to have a cash balance of $49,050 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $92,650, February $163,500. Payments for direct materials: January $54,500, February $81,750. Direct labori January $32,700, February $49,050. Wages are paid in the month they are incurred. Manufacturing overhead: January $22,890, February $27.250. These costs include depreciation of $1,635 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $16,350, February $21,800. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize 513,080 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $27.250. The company wants to maintain a minimum monthly cash balance of $21,800. Prepare a cash budget for January and February, DANNER COMPANY Cash Budget For the Two Months Ending February 28, 2020 January Beginning Cash Balance 49050 Add . Receipts Collections from Customers Sale of Marketable Securit Total Receipts Total Available Cash Lun . Disbursements Direct Material Direct Labem anufacturing over se da PLEASE - Help System Announcements CALCULATOR PRINTER VERSION $21,800. Prepare a cash budget for January and February. DANNER COMPANY Cash Budget For the Two Months Ending February 28, 2020 January February Beginning Cash Balance 49050 Add . Receipts Collections from Customers Sale of Marketable Securities Total Receipts Total Available Cash Less Disbursements Direct Materials Direct Labor Manufacturing Overhead Selling and Administrative Expenses Excess (Deficiency of Available Cash Over Cash Disbursements Total Disbursements Financing Add y Borrowings LOS Y payments A Balance Click if you would like to show Work for this questioni Qen She was SAVE FOR LATER SUIT ANSWER Question Attempts: 0 of 5 used here to search