70.2K

Verified Solution

Link Copied!

hi i need all the values and some blank i have left so can you tell me which values are fill in the columns

Wildhorse Company expects to have a cash balance of $58,500 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $110,500, February $195,000. Payments for direct materials: January $65.000, February $97.500. Direct labor: January $39.000, February $58,500. Wages are paid in the month they are incurred. Manufacturing overhead: January $27,300. February $32,500. These costs include depreciation of $1.950 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $19,500, February $26,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $15.600 in cash. Wildhorse Company has a line of credit at a local bank that enables it to borrow up to $32.500. The company wants to maintain a minimum monthly cash balance of $26,000. Prepare a cash budget for January and February - / 10 Prepare a cash budget for January and February. WILDHORSE COMPANY Cash Budget For the Two Months Ending February 28, 2022 January Februa Beginning Cash Balance 58500 Add V: Receipts Collections from Customers > Sale of Marketable Securities Total Receipts Manufacturing Overhead Selling and Administrative Expenses Total Disbursements > Excess (Deficiency) of Available Cash Over Cash Disbursements Financing VE Borrowings 1 Repayments $ Ending Cash Balance oc Type here to search

Answer & Explanation Solved by verified expert

See Answer