The following data and estimates are available for Morrocan Enterprises for August, September and October $2022.$

The following information is available regarding purchases of direct materials.

August

September

October

R$15000$

R$27000$

R$29000$

Additional information

$30\%$ of sales are for cash, cash sales for July amounted to R$99000.$ Credit sales are repaid in the following

month of sale.

Since wages are paid on specific days, only $75\%$ of a month's budgeted wages are paid in that month. The rest $i$

paid in the following month. R$6000$ of the wages for July are due to be paid during August.

Fixed overheads include R$2000$ per month for depreciation. Payment of fixed overheads is delayed by one

month. July's fixed overheads amounted to

R$18500.$

$60\%$ of the Direct materials is paid for in the month in which they were incurred and $40\%$ is to be paid one month

later. Direct materials for July amounted to R$12500.$

Purchases of variable overheads are paid for in the month purchased

The opening cash balance in August is R$27800.$

A tax bill of $R42000$ is to be paid in August.

REQUIRED

Prepare a cash budget for August, September and October $2022.$