Need help with this Edit View History Bookmarks People . . Tab Window Help nments Do Homework - Ryan Simpson $ 60% Sun 1 mathxl.com/Student/PlayerHomework.aspx?homeworkld=553969323&questionld=4&flushed=false&cld=5854184¢erwin=yes

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Edit View History Bookmarks People . . Tab Window Help nments Do Homework - Ryan Simpson $ 60% Sun 1 mathxl.com/Student/PlayerHomework.aspx?homeworkld=553969323&questionld=4&flushed=false&cld=5854184&centerwin=yes Not Secure BUS 222 Managerial Accounting Spring 2020 8:30 Ryan Simpson | 03/01/20 1:35 PM Homework: Chapter 22 Homework Save Images nting Score: 0 of 1 pt 5 of 6 (4 complete) HW Score: 50.98%, 3.06 of 6 pts P22-39A (similar to) More Info Sosa Company has provided the following budget information for the first quarter Data Table a. Capital expenditures include $40,000 for new manufacturing equipment to be purchased and paid in the first quarter. b. Cash receipts are 85% of sales in the quarter of the sale and 15% in the quarter following the sale. Total sales $ 218,000 c. Direct materials purchases are paid 60% in the quarter purchased and 40% in Budgeted purchases of direct materials 40,750 the next quarter. Budgeted direct labor cost 37,300 d. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred. Budgeted manufacturing overhead costs: . Income tax expense for the first quarter is projected at $42,000 and is paid in Variable manufacturing overhead 1,125 the quarter incurred. f. Sosa Company expects to have adequate cash funds and does not anticipate Depreciation 800 borrowing in the first quarter. Insurance and property taxes 6.800 J. The December 31, 2017, balance in Cash is $15,000, in Accounts Receivable is $25,400, and in Accounts Payable is $14,500. Budgeted selling and administrative expenses: Salaries expense 4,000 1,000 Print Done Rent expense Insurance expense 2, 10 Depreciation expense 200 Supplies expense 6,540 Print Done ? 4 parts Clear All Check Answer remaining Privacy Term 1 CPW DD 20 F5 F6 Sile View History Bookmarks People Tab Window Help ignments Do Homework - Ryan Simpson D X 7 60% Not Secure mathxl.com/Student/PlayerHomework.aspx?homeworkld=553969323&questionld=4&flushed=false&cld=5854184&centerwin=yes BUS 222 Managerial Accounting Spring 2020 8:30 Ryan Simpson & | 03/01/20 1:35 PM Homework: Chapter 22 Homework Save Inting Score: 0 of 1 pt 5 of 6 (4 complete) HW Score: 50.98%, 3.06 of 6 pts P22-39A (similar to) Question Help of 2018: Sosa Company has provided the following budget information for the first quarter Additional data related to the first quarter of 2018 for Sosa Company: (Click the icon to view the budget information.) i (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare Sosa Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018. Cash Receipts from Customers First Quarter 2018 Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2017 1st Qtr.-Sales Total cash receipts from customers Accounts Receivable balance, March 31, 2018: 1st Qtr.-Sales, collected in 2nd Qtr. ? Enter any number in the edit fields and then click Check Answer. Clear All Check Answer 4 parts remaining MAR 1 DI DD 20 888 F6 F7 F3 F4 F5 &amp