Question: 1. DeVry is preparing its cash budget for the month of November. Its budgeted beginning cash balance is $19,300. Budgeted cash receipts total $189,500 and

1. DeVry is preparing its cash budget for the month of November. Its budgeted beginning cash balance is $19,300. Budgeted cash receipts total $189,500 and cash disbursements total $190,600. If DeVry wants to end the month with a cash balance is $31,300, how much will it have to borrow or otherwise finance?

2. DeVrys manufacturing overhead budget is based on budgeted direct labor-hours. The direct labor budget indicates that 7,800 direct labor-hours will be required in November. The variable overhead rate is $8.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $113,880 per month, all of which represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for November should be

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