Use the following information to prepare the September cash budget for PTO Company. Ignore the Loan activity section of the budget.

1. Beginning cash balance, September 1, $50,000.
2. Budgeted cash receipts from September sales, $258,000.
3. Direct materials are purchased on credit. Purchase amounts are August (actual), $78,000; and September (budgeted), $106,000. Payments for direct materials follow: 60% in the month of purchase and 40% in the first month after purchase.
4. Budgeted cash payments for direct labor in September, $38,000.
5. Budgeted depreciation expense for September, $3,500.
6. Budgeted cash payment for dividends in September, $57,000.
7. Budgeted cash payment for income taxes in September, $10,800.
8. Budgeted cash payment for loan interest in September, $1,300.

   PTO COMPANY
   Cash Budget
   	September
   Beginning cash balance
   Total cash available
   Total cash payments
   Ending cash balance

9. Render CPA is preparing direct labor budgets for the current year. The partners budget billable hours for the year as follows.

   Data entry	1,130	hours
   Auditing	2,380	hours
   Tax	2,220	hours
   Consulting	375	hours

   The company budgets $12 per hour to data-entry clerks, $36 per hour to audit personnel, $59 per hour to tax personnel, and $59 per hour to consulting personnel. Prepare a direct labor budget for this service company for the year.

10. RENDER CPA
    Direct Labor Budget
    For The Year Ending December 31
    	Direct Labor Hours	Direct Labor Cost per hour	Direct Labor Cost
    Data-entry
    Auditing
    Tax
    Consulting
    Cost of direct labor