Question: please help answer this homework problem that I can't figure out. QS 7-24 (Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning
QS 7-24 (Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning cash balance on March 1, $76,000. b. Cash receipts from sales, $306,000. c. Cash payments for direct materials, $138,000 d. Cash payments for direct labor, $73,000. e. Cash payments for overhead, $43,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $180(1% of beginning loan balance of $18,00 h. Cash repayment of loan. $18,000. Prepare a cash budget for March for Gado Company
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