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* Data Table Pre 20 218,000 41,600 37,400 ig ti Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Fron 1,175 900 6,850 Insurance and property taxes Budgeted selling and administrative expenses: 6,000 fror ivable 5,000 Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense eipts fil 1,200 100 6,540 raival Print Done any lis firet. cuarter of 2018. com. * More Info a. Capital expenditures include $35,000 for new manufacturing equipment to be purchased and paid in the first quarter. b. Cash receipts are 80% of sales in the quarter of the sale and 20% in the quarter following the sale. c. Direct materials purchases are paid 50% in the quarter purchased and 50% in the next quarter. d. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred. e. Income tax expense for the first quarter is projected at $44,000 and is paid in the quarter incurred. f. Huber Company expects to have adequate cash funds and does not anticipate borrowing in the first quarter. g. The December 31, 2017, balance in Cash is $40,000, in Accounts Receivable is $17,900, and in Accounts Payable is $9,000. cel es Print Print Done Done] is Question: 15 pls Huber Company has provided the following budget Information for the first quarter of 2018: (Click the icon to view the budget information.) Additional data relat Company: A Click the icon to Read the requiremer First Quarter 2018 Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2017 1st Qtr.-Sales Total cash receipts from customers Accounts Receivable balance, March 31, 2018: 1st Qtr. Sales, collected in 2nd Qtr. Prepare the schedule of cash payments for the first quarter of 2018. Read the require First Quarter 2018 Total direct materials purchases Cash Payments Direct Materials: Accounts Payable balance, December 31, 2017 1st Qtr.-Direct material purchases Total payments for direct materials Direct Labor: Total payments for direct labor R einho Cash Budget For the Quarter Ended March 31, 2018 Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Income taxes Capital expenditures Total cash payments A m mar in the inni fialde and then

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