Use the following information to prepare the May cash budget for Benico Company. It should show expected cash receipts a

[answerhappygod]

Use the following information to prepare the May cash budget for
Benico Company. It should show expected cash receipts and cash
disbursement for the month and the cash balance expected on May
31.
a. Beginning cash balance on June 1 is $74,000.
b. Cash receipts from sales are expected to be $1,820,000.
c. Cash payments for direct materials and direct labor are
expected to be $299,500 and 680,500, respectively.
d. Cash selling and administrative expenses budgeted for May are
$395,000.
e. Bank loan interest due in June: 10,000.
f, Budgeted cash disbursements for salaries in June:
$190,000.
g. Budgeted depreciation, the only fixed overhead estimated for
June: $34,000. .
h. Loan payment of $80,000 should be made if the preliminary
cash balance is greater than $210,000.