Question
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $94,900. b. Cash receipts from sales, $417,500. c. Budgeted cash disbursements for purchases, $272,500. d. Budgeted cash disbursements for salaries, $95,900. e. Other budgeted cash expenses, $57,900. f. Cash repayment of bank loan, $32,900. g. Budgeted depreciation expense, $34,900. $53,200. $76,200. $18,300. $111,100. $86,100.
Based on a predicted level of production and sales of 12,000 units, a company anticipates reporting operating income of $15,000 after deducting variable costs of $72,000 and fixed costs of $9,000.Based on this information, the budgeted amounts of fixed and variable costs for 15,000 units would be: $9,000 of fixed costs and $84,000 of variable costs. $9,000 of fixed costs and $90,000 of variable costs. $9,000 of fixed costs and $72,000 of variable costs. $11,250 of fixed costs and $72,000 of variable costs. $11,250 of fixed costs and $90,000 of variable costs.
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