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Whispering Winds expects to have a cash balance of $44,600 on January 12022. Whispering Winds...

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Accounting

Whispering Winds expects to have a cash balance of $44,600 on January 12022. Whispering Winds has budgeted the following for the first two months of the year 2022:
1.
Collections from customers: January $90,800; February $110,100.
2. Payments to suppliers: January $40,300, February $50,300.
3. Direct labour: January $29,700; February $34,700. Wages are paid in the month they are incurred.
4. Manufacturing overhead: January $24,800; February $29,700. Overhead costs are paid as incurred.
5. Selling and expenses: January $16.000. February $22,200. These costs do not include depreciation and they are paid as incurred.
Sales of in January are to realize $10,100 in cash. Whispering Winds Company wants to keep a monthly cash balance of $20,000. Ignore any interest on amounts borrowed. 6.
Prepare a cash budget for January and February.
WHISPERING WINDS COMPANY

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