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Required: Prepare a monthly cash budget for the year, with a detailed listing of receipts and disbursements. For this calculation, assume that all sales are
Required: Prepare a monthly cash budget for the year, with a detailed listing of receipts and disbursements. For this calculation, assume that all sales are in cash. Use the following information plus the production schedule developed in part 1. Ending balance of cash and cash equivalents on 12-31-x0: $1,900,000. Plush toy selling price: $15 each Costs for the coming year are estimated as follows: Materials: Materials are purchased and paid for in the month needed for production. 2 oz of fill per toy, estimated price $.25/oz 2 oz of fabric covering, estimated price $.75/oz Direct labor: Cutters, .05 hour per toy, wage rate $10.00 per hour Finishers, .5 hour per toy, wage rate $15.00 per hour Variable manufacturing overhead: $.20 per toy
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