Reference Click the icon to view the assumptions.) (Click equirements Prepare a cash budget for April for Pet Gear Why do Pet Gear's managers prepare a cash budget in additi equirement 1. Prepare a cash budget for Aprill for Pet Gear egin the cash budget by calculating the cash available, then total de pil) Cash Budget April 30 Cash balance beginning $ 5.900 add receipts Cash sales 16,610 Credit card sales 143510 otal cash available for needs 166,020 educt Gisbursements Direct materials Direct manufacturing labor 39200 Manufacturing overhead 44080 4000 Salles commissions Other nonmanufacturing foved costs Machinery purchase Income taxes Total disbursements Catalia 5805 190 $ 110 200 Dogerie 215 260 55.900 More Info $ Total 166.100 Manufacturing Overhead Budget Pet Gear (PG) does not make any sales on credit PG sellis only to the public and accepts cash and credit cards For the Month of April 90% of its sales are to customers using credit cards, for which PG gets the cash right away, less a 4% transaction Machine setup costs $ fee 9.100 Purchases of materials are on account. PG pays for half the purchases in the period of the purchase and the Processing costs 58.000 other half in the following period. At the end of March, PG owes suppliers 58 400. During April they plan to purchase 480 direct materials worth $13 165 Inspection costs PG plans to replace a machine in April ata net cash cost of $13,600 67.580 Labor other manufacturing costs, and normanufacturing costs are paid in cash in the month incurred except of course depreciation, which is not a cash flow Depreciation is $20.500 of the manufacturing cost and $11,000 of the Direct Manufacturing Labor Costs Budget nonmanufacturing fed cost for April . PG currently has a $2.500 loan at an annual interest rate of 12%. The interest is paid at the end of each month. For the Month of April PG has more than $10.000 cash at the end of April it will pay back the loan PG owes $5.500 in income taxes that Output units DMLH Total Hourly need to be remitted in April PG has cash of $5.900 on hand at the end of March produced per un Hours Wage Rate Cat-allac 600 3 1,800 $ Print Dog 200 5 1,000 Total $ 39200 Nonmanufacturing Costs Budget For the Month of April Salaries $ 18.700 Other feed costs 15.000 1.661 Sales commissions $ 35,361 Total nonmanufacturing costs Done