give me the answer and calculation process Exercise 21-15 Deitz Corporation is projecting a...
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give me the answer and calculation process
Exercise 21-15 Deitz Corporation is projecting a cash balance of $30,450 in its December 31, 2016, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2017 shows total callections of $187,775. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $43,645, Other information gathered for the first quarter of 2017 is sale cf equipment $3,045; drect labor $71,050, manufacturing overhead $35,525, selling and administrative expenses $45,675; and purchase of securities $14,210. Det wants to maintain a balace of at least $25,375 cash at the ernd of each quarter Prepare a cash budget for the first quarter. (Do not leave any answer field blank. Enter 0 for amounts.) DEITZ CORPORATION Cash Budget
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