5 Use the information below to prepare a cash budget for June. The beginning cash balance on June 1 of $82,800 includes a loan of $16,800. Cash receipts from Sales $ 303,800 Cash payments for Loan activity 2:07 Direct materials $ 134,800 Direct labor $ 73,800 Cash payments for interest Cash repayment of loan $ 168 $ 16,800 Variable overhead $ 40,800 Administrative salaries $ 6,280 Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month Cash Budget $ EA June 82,800 $ 0 EA $ 0
5 Use the information below to prepare a cash budget for June. The beginning cash balance on June 1 of $82,800 includes a loan of $16,800. Cash receipts from Sales $ 303,800 Cash payments for Loan activity 2:07 Direct materials $ 134,800 Direct labor $ 73,800 Cash payments for interest Cash repayment of loan $ 168 $ 16,800 Variable overhead $ 40,800 Administrative salaries $ 6,280 Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month Cash Budget $ EA June 82,800 $ 0 EA $ 0
Chapter7: Budgeting
Section: Chapter Questions
Problem 6PB: Relevant data from the operating budget of The Framers are: Other data: Capital assets were sold in...
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