Vaughn Company expects to have a cash balance of $44,100 on January 1,2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $83,300, February $147,000. Payments for direct materials: January $49,000, February $73,500. Direct labor: January $29,400, February $44,100. Wages are paid in the month they are incurred. Manufacturing overhead: January $20,580, February $24,500. These costs include depreciation of $1,470 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $14,700, February $19,600. These costs are exclusive of depreciation. They are paid as incurred: Sales of marketable securities in January are expected to realize $11,760 in cash. Vaugh

/aughn Company expects to have a cash balance of $44,100 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $83,300, February $147,000. Payments for direct materials: January $49,000, February $73,500. Direct labor: January $29,400, February $44,100. Wages are paid in the month they are incurred. Manufacturing overhead: January $20,580, February $24,500. These costs include depreciation of $1,470 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $14,700, February $19,600. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $11,760 in cash. Vaughn Company has a line of credit at a local bank hat enables it to borrow up to $24,500. The company wants to maintain a minimum monthly cash balance of $19,600. repare a cash budget for January and February. Direct Labor Manufacturing Overhead Selling and Administrative Expenses Total Disbursements Excess (Deficiency) of Available Cash Over Cash Disbursements Financing Add : Borrowings Less : Repayments Ending Cash Balance $ eTextbook and Media