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The begining cash balance is $10,000. Sales are forecasted at $400,000 of which 80% will be on credit. 70% percent of credit sals are expected

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The begining cash balance is $10,000. Sales are forecasted at $400,000 of which 80% will be on credit. 70% percent of credit sals are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $250,000. Accounts Receivable from previous accounting periods totalling $6,000 will be collected in the current year. The company is required to make 35100 ban payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the per 8 $60.00, and the amual interest rate is 10% How much will be reported as 'cash' on the budgeted balance sheet? 1 A. BIO DE Esans filejale plans to produce 1,500 recycle bins during April. Each bin requires 1.7 kilograms of plastic and 0.1 hours of direct abor Plastic costs $2 15 per kilogram. Evans pays is employees $12.50 per hour. Manufacturing overhead is applied at a rate of 150% al dret labour costs Fnished plastic lids are purchased separately from another supplier. Evans has 400 kilograms of peste in beginning inventory and wants to have 550 kilograms in ending inventory. Instructions How much should Evans budget for direct labour for April? 8 How much manufacturing overhead will be charged to each recycle bin in April? o What is the cost per unto the bins produced in April? 1 A BIO 111

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