Current Attempt in Progress L Your answer is partially correct. Deitz Corporation is projecting a cash balance of $35,700 in its December 31, 2019, balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $220,150. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $51,170. Other information gathered for the first quarter of 2020 is sale of equipment $3,570; direct labor $83,300, manufacturing overhead $41,650, selling and administrative expenses $53,550; and purchase of securities $16,660. Deitz wants to maintain a balance of at least $29,750 cash at the end of each quarter. Prepare a cash budget for the first quarter. Beginning Cash Balance DEITZ CORPORATION Cash Budget For the Quarter Ended March 31, 2020 Add V: Collections from Customers > 35700

DEITZ CORPORATION Cash Budget For the Quarter Ended March 31, 2020 Beginning Cash Balance Add v: Collections from Customers Sale of Equipment Total Available Cah Direct Materials Direct Labor Less v: Manufacturine Overhead Selling and Administrative Expenses Purchase of Securities 41650 Deitz Corporation is projecting a cash balance of $35,700 in its December 31,2019 , balance sheet. Deitz's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $220,150. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $1,170. Other information gathered for the first quarter of 2020 is sale of equipment $3,570; direct labor $83,300, manufacturing overhead $41,650, selling and administrative expenses $53,550; and purchase of securities $16,660. Deitz wants to maintain a balance of at least $29,750 cash at the end of each quarter