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Use the following information to prepare the August cash budget for Capital Company. It should...

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Accounting

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Use the following information to prepare the August cash budget for Capital Company. It should show expected cash receipts and cash disbursement for the month and the cash balance expected on August 31 . a. Beginning cash balance on August 1 is $52,000. b. Cash receipts from sales are expected to be $1,625,000. c. Cash payments for direct materials and direct labor are expected to be $246,500 and 573,100 , respectively. d. Budgeted cash payments for variable overhead is $340,000. e. Budgeted depreciation, the only fixed overhead estimated for August: $24,000. f. Cash selling and administrative expenses bdgeted for August are $282,000. g. Bank loan interest due in August: $8,000. 1. Loan payment of $50,000 should be made if the preliminary cash balance is greater than $200,000

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