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Bonita company expects to have a cash balance of $40,500 on January 1, 2022. Relevant...

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Accounting

Bonita company expects to have a cash balance of $40,500 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $76,500, February $135,000 Payments for direct materials: January $45,000, February $67,500 Direct labor: January $27,000, February $40,500. Wages are paid in the month they are incurred. Manufacturing overhead: January $18,900, February $22,500. These costs include depreciation of $1,350 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $13,500, February $18,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $10,800 in cash. Bonita

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