Garcia Company has the following information for the month of March.

Garcia pays wages in the month incurred. Manufacturing overhead includes \($1,200\) for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Garcia also expects to sell a piece of property for \($15,000\) during March.

Required:

Prepare Garcia’s cash budget for the month of March.

Transcribed Image Text:

Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $15,575 34,650 22,300 6,100 8,250 4,200