Save Homework: Chapter 22 Homework Score: 0 of 1 p 4 of 7 (4 complete) HW Score: 36.86%, 3.69 of 10 pts S22-11 (similar to) Question Help 0 Yosho has $14.500 in cash on hand on January 1 and has collected the following budget data: (Clok on the icon to view the budget data) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yokohas cash payments for selling and administrative expenses including salaries of $55,000 per month plus commissions that are 3 of sales al paid in the month of sale. The company requires a minimum cash balance of $12.000. Prepare a cash budget for January and February. Round to the nearest dollar. Will Yonko need to borrow cash by the end of February? Bodin by preparing the coun budget for January, then prepare the cash budget for February (Complete all out bones. Enter a "o" for any zero balances. Round al amounts entered into the cash budoit to the nearest whicle Yoste Company Cash Budget Two Months Ended January 31 and February 28 Data Table January Beginning cash balance January February 532.000 565.000 Cash avle 457000 Cash receipts from customers 442.500 502,300 Cash payment Purchases of direct materials Cash payments for direct material purchases 180.101 160.892 Director 135130 135.130 Direct labor 113.010 Manufacturing overhead costs (includes depreciation Manufacturing overhead of $1,400 per mon) 55.994 53.016 Seling and administrative expenses Total cash payments Print Done Ending cash balance before Sancing Enter any number in the edited and then click Check Answer $ 180191 parts remaining Clear All Check