MESSAGE MY INSTRUCTOR RESOURCES Exercise 9-14 Danner Company expects to have a cash balance of $62,955 on January 1, 2017. Relevant monthly budget data for the first 2 m Collections from customers: January $118,915, February $209,850. Payments for direct materials: January $69,950, February $104,925 Direct labor: January $41,970, February $62,955. Wages are paid in the month they are incurred Manufacturing overhead: January $29,379, February $34,975. These costs include depreciation of $2,098 per month. All other ove Selling and administrative expenses: January $20,985, February $27,980. These costs are exoluisive of depredation. They are pai 13 (Part ise 9-3 Sales of marketable securities in January are expected to realize $16,788 in cash. Danner Company has a line of credit at a local ib $34,975. The company wants to maintain a minimum monthly cash balance of $27,980 nission) 2A (Part Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter "o" for the amounts) DANNER COMPANY Cash Budget ults by tive ru All Rights. Reserved. A Division of lahnwiec a sons tce l 200.2016 lohnen ey ement l Pnv asy Polio Ask me anything