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Prepare the cash budget for February

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Reference no: EM132965353

Question - Yasmin has $10,500 in cash on hand on January 1 and has collected the following budget data:

Sales: January 534,000, 561,000

Cash Receipts from customers: January 443,000, February 502,700

Direct labor costs:  January 105,130, February 112,876

Manufacturing overhead costs (includes depreciation of 1,300 per month) January 55,994, February 53,782

Begin by preparing the cash budget for January, then prepare the cash budget for February.

Reference no: EM132965353

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