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Business, 23.07.2019 12:40 juansebas35

Danner company expects to have a cash balance of $46,035 on january 1, 2017. relevant monthly budget data for the first 2 months of 2017 are as follows. collections from customers: january $86,955, february $153,450. payments for direct materials: january $51,150, february $76,725. direct labor: january $30,690, february $46,035. wages are paid in the month they are incurred. manufacturing overhead: january $21,483, february $25,575. these costs include depreciation of $1,535 per month. all other overhead costs are paid as incurred. selling and administrative expenses: january $15,345, february $20,460. these costs are exclusive of depreciation. they are paid as incurred. sales of marketable securities in january are expected to realize $12,276 in cash. danner company has a line of credit at a local bank that enables it to borrow up to $25,575. the company wants to maintain a minimum monthly cash balance of $20,460. prepare a cash budget for january and february. (do not leave any answer field blank. enter "0" for the amounts.)

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Danner company expects to have a cash balance of $46,035 on january 1, 2017. relevant monthly budget...

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