Question 7 Current Attempt in Progress Bramble Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows Collections from customers: January $109650, February $193,500 Payments for direct materials: January $64,500, February $96,750 Direct labor.January $38,700, February $58,050. Wages are paid in the month they are incurred. Manufacturing overhead: January $27.090, February $32,250. These costs include depreciation of $1,935 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $19,350, February $25,800. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize $15,480 in cash. Bramble Company has a line of credit at a local bank that enables it to borrow up to $32,250. The company wants to maintain a minimum monthly cash balance of $25,800 Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter O for amounts) BRAMBLE COMPANY Cash Budget For the Two Months Ending February 28 2017 anuary February Beginning Cash Balance 58.050 MacBook A BRAMBLE COMPANY Cash Budget For the Two Months Ending February 28, 2017 t January February Beginning Cash Balance 58050$ Add Receipts Sale of Marketable Securities Total Receipts otal Available Cash Direct Materials Direct Labor Selling and Administrative Expenses Total Di MacBook Air of your Mac. This Financing Ending Cash Balance eTextbook and Media e Textbook Media Save Attempts: 0 of 5 used C Prev