Answered step by step
Verified Expert Solution
Question
1 Approved Answer
S22-11 (similar to) Question Help Yosho has $14,000 inson and on January 1 god has colected the following budget dela: (Click on the icon to
S22-11 (similar to) Question Help Yosho has $14,000 inson and on January 1 god has colected the following budget dela: (Click on the icon to view the budget data) Assume droct labor costs and manufacturing overhead coats are paid in the month incurred. Additionaly, assumo Yoskohas cash payments for seling and sministarve expenses Including salaries of $40,000 per month plus commissions that are 18 of saics, all paid in the month of sale. The company requires a minimum 1238ch of S10 COO Precere a chudget for baruary and February Roured to the real dolg WII Yokonoec loborrowess the c of February? Bogin by preparing the son budget for January, then prepare the cash budget for February. Complete al input boxes Entera "O" for any zero balances. Round al amounts entered in the cash budget to the nearest whole dolar. Yoako Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Cash rocals i Data Table Cash available Cash payments Purchases o direct materials January February Direct labor Sales $ 525.000 $ 566,000 Manufacturing owerhead Cash receipts from customers 443 000 602,400 Seling and administrative expenses Cash payments for direct materials purchases 180402 161,104 Talash payment Direct baber costs 131 870 Ending cash balance before nancing Maring indepen Minimum cash balance desired of S1,100 per month 55 878 59,124 Pucca dei deney Financing Paint Done Borrowing Principal repayments Total offects of inancing Ending cash balaca Enter any number in the edit fields and then click Check Answer. 2 parts rcmaning Ceer Al Check Anwar S22-11 (similar to) Question Help Yosho has $14,000 inson and on January 1 god has colected the following budget dela: (Click on the icon to view the budget data) Assume droct labor costs and manufacturing overhead coats are paid in the month incurred. Additionaly, assumo Yoskohas cash payments for seling and sministarve expenses Including salaries of $40,000 per month plus commissions that are 18 of saics, all paid in the month of sale. The company requires a minimum 1238ch of S10 COO Precere a chudget for baruary and February Roured to the real dolg WII Yokonoec loborrowess the c of February? Bogin by preparing the son budget for January, then prepare the cash budget for February. Complete al input boxes Entera "O" for any zero balances. Round al amounts entered in the cash budget to the nearest whole dolar. Yoako Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Cash rocals i Data Table Cash available Cash payments Purchases o direct materials January February Direct labor Sales $ 525.000 $ 566,000 Manufacturing owerhead Cash receipts from customers 443 000 602,400 Seling and administrative expenses Cash payments for direct materials purchases 180402 161,104 Talash payment Direct baber costs 131 870 Ending cash balance before nancing Maring indepen Minimum cash balance desired of S1,100 per month 55 878 59,124 Pucca dei deney Financing Paint Done Borrowing Principal repayments Total offects of inancing Ending cash balaca Enter any number in the edit fields and then click Check Answer. 2 parts rcmaning Ceer Al Check Anwar
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started