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Use the following information to prepare the March cash budget for Artel Company. It should...

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Accounting

Use the following information to prepare the March cash budget for Artel Company. It should show expected cash receipts and cash disbursement for the month and the cash balance expected on March 31. a. Beginning cash balance on March 1 is $68,000. b. Cash receipts from sales are expected to be $1,688,000. c. Cash payments for direct materials and direct labor are expected to be $292,500 and 552,000, respectively. d. Budgeted cash payments for variable overhead is $345,000. e. Cash selling and administrative expenses budgeted for March are $350,000. f. Budgeted depreciation, the only fixed overhead estimated for March: $24,000. g. Bank loan interest due in March: $11,000. i. Loan payment of $58,000 should be made if the preliminary cash balance is greater than $200,000

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