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Bramble Company expects to have a cash balance of $43,200 on January 1,2027. Relevant monthly...

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Accounting

Bramble Company expects to have a cash balance of $43,200 on January 1,2027. Relevant monthly budget data for the first 2 months of 2027 are as follows.
Collections from customers: January $81,600, February $144,000.
Payments for direct materials: January $48,000, February $72,000.
Direct labor: January $28,800, February $43,200. Wages are paid in the month they are incurred.
Manufacturing overhead: January $20,160, February $24,000. These costs include depreciation of $1,440 per month. All other overhead costs are paid as incurred.
Selling and administrative expenses: January $14,400, February $19,200. These costs are exclusive of depreciation. They are paid as incurred.
Sales of marketable,securities in January are expected to realize $11,520 in cash. Bramble Company has a line of credit at a local bank that enables it to borrow up to $24,000. The company wants to maintain a minimum monthly cash balance of $19,200.
Prepare a cash budget for January and February of 2027.
BRAMBLE COMPANY Cash Budget
January
Febru
$
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