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Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 Sales $208,460 $211,538 Direct material purchases 115,300 120,833 Direct labor 75,205 73,298
Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 Sales $208,460 $211,538 Direct material purchases 115,300 120,833 Direct labor 75,205 73,298 Manufacturing overhead 25,200 25,200 Selling and administrative expenses 33,400 33,500 Depreciation included in selling and administrative 1,400 900 Collections from customers 215,393 240,154 Cash payments for purchases 114,300 119,252 Additional data: Capital assets were sold in January for $10,000 and $4,400 in May. Dividends of $4,600 were paid in February. The beginning cash balance was $60,360 and a required minimum cash balance is $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Add: Cash Receipts Total Receipts Total Available Cash Less: Cash Payments 30000 0 Total Cash Payments Excess (Deficiency) of Available Cash Over Cash Disbursements Financing 1000 Ending cash balanceEcho Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 900 1,200 1,500 Sales price $100 $100 $100 Budgeted sales $90,000 $120,000 $150,000 It also has this additional information related to its expenses: Direct material per unit $1.50 Direct labor per unit 2 Variable manufacturing overhead per hour 0.40 Fixed manufacturing overhead per month 3,000 Sales commissions per unit 15 Sales salaries per month 5,100 Delivery expense per unit 0.40 Factory utilities per month 5,000 Administrative salaries per month 19,000 Marketing expenses per month 7,000 Insurance expense per month 11,000 Depreciation expense per month 8,000 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers. Echo Amplifiers Sales and Administrative Budget For the Quarter Ending March 31, 2018 January February March Budgeted Sales in Units Variable Expenses Total Variable Expenses Fixed Expenses 100 000 Total Fixed Expenses Total Selling and Administrative Expenses
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