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Zire Co reports the following production budget for the next four months Production (units) April 664 May 705 June 697 July 677 Each finished unit

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Zire Co reports the following production budget for the next four months Production (units) April 664 May 705 June 697 July 677 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 531 pounds. Assume direct materials cost S6 per pound Prepare a direct materials budget for April May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO Direct Materials Budget For April, May, and June April May Sure 664 705 697 units Budgeted production (units) Materials requirements per unit Materials needed for production (lbs) Budgeted anding Inventory Total materials requirements (lbs) Beginning inventory (lbs) Materials to be purchased (lbs) Cost perib Total budgeted direct materials cast Check Kayak Co budgeted the following cash receipts (excluding cash receipts from loans received and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year January February March Cash Receipts 5520,000 406.000 payments 5464,500 35,600 According to a credit agreement with its bank, Kayak requires a minimum cash balance of $40.000 at each month-end. In return, the bank has agreed that the company can borrow up to $150.000 at a monthly interest rate of paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. The company repays loan principal with any cash in excess of $40,000 on the last day of each month. The company has a cash balance of $40,000 and a loan balance of $80,000 at January Prepare monthly cash budgets for January February, and March (Negative balances and Loan repayment amounts if any) should be indicated with minus sign) KAYAK COMPANY Cash Budget For January February, and March January February $ 40.000 Beginning cash balance March Total cash available Preliminary cash balance Ending cash balance Loa balance 80,000 Loan balance-Beginning of month Additional loanoan payment Leanbalance - End of month

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