xchh

$ 1.230 45,000 3.500 S49,730 Beginning cash balance Cash sales Sale of property Total cash available Less disbursements: Materials and supplies Direct labor payroll Other expenditures Total disbursements Ending cash balance $10,000 12.500 14,900 $37,400 $12.330 n14 2. Unadjusted ending balance $12.330 Plus borrowing 3,000 Adjusted ending balance $15.330 In April, interest owed would be (1/12 x 0.12 * $3,000) = $30. Ill. Flexible Budgeting Trina Hoyt, controller of Ferrel Company, wants to prepare a quarterly budget for three different levels of output (measured in units): 2,000, 2,500, and 3,060. The product uses the following inputs: Materials: 3 pounds of plastic @ $6.00 4 ounces of metal @ $2.00 Labor: 0.5 hr@ $10.00 VOH: Inspection: 0:2 hr@ $10 Machining: 0.3 hr. @$ $5 FOH: Rent: $15,000 per quarter Utilities: $3,000 per quarter Required: Prepare a budget for three levels of output: 2,000, 2,500, and 3,000 units