Danner Company expects to have a cash balance of $49.950 on January 1 2020 Relevant monthly budget data for the first 2 months of 2020 are as follows Collections from customers January $94.250 February $166.500 Payments for direct materials January $55,500 February $83.250 Direct labor January $33.300, February $49.950 Wages are paid in the month they are incurred Manufacturing overhead January 123.310 February $27.750 These costs include depreciation of 11643 per month All other overhead costs are paid as incurred Selling and administras openses January 116.650 February $22.200 These costs are odusive of depreciation They are paid Sales of marketable securities in January are expected to reale $13.320 in cash Danner Company has a line of credit at a local bank that enables it to borrow up to $27,750. The company wants to maintain a minimum monthly cash balance of $22.200 Prepare a cash budget for January and February

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Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.