Get Homework Help With Chege Study I Chegg.com nts Question 8 View Policies Current Attempt in Progress urse Wildhorse Company expects to have a cash balance of $54,900 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. mting tes Collections from customers: January $103,700, February $183,000. Payments for direct materials: January $61,000, February $91,500. Direct labor: January $36,600, February 354,900. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,620, February $30,500. These costs include depreciation of $1,830 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $18,300, February $24,400. These costs are exclusive of depreciation. They are paid as incurred upport ting tes Sales of marketable securities in January are expected to realize $14,640 in cash. Wildhorse Company has a line of credit at a local bank that enables it to borrow up to $30,500. The company wants to maintain a minimum monthly cash balance of $24.400 pport soard Prepare a cash budget for January and February WILDHORSE COMPANY Cash Budget January Febru: Beginning Cash Balance solano instructure.com Prepare a cash budget for January and February WILDHORSE COMPANY Cash Budget January Febru: Beginning Cash Balance Add : Receipts Collections from Customers Sale of Marketable Securities Total Receipts Total Available Cash Less : Disbursements Direct Materials Direct Labor Manufacturing Overhead Selling and Administrative Expenses Total Disbursements Ending Cash Balance Asolana in structure.com Total Receipts Total Available Cash Less :: Disbursements Direct Materials Direct Labor Manufacturing Overhead Selling and Administrative Expenses Total Disbursements Ending Cash Balance Financing Add :: Borrowings Less : Repayments Ending Cash Balance eTextbook and Media Save for Later Attempts: 0 of 3 used Submit