Use the Following Information to Prepare the June Cash Budget

question 31

Essay

Use the following information to prepare the June cash budget for Springer Company. It should show expected cash receipts and cash disbursement for the month and the cash balance expected on June 30.
a. Beginning cash balance on June 1 is $52,000.
b. Cash receipts from sales are expected to be $1,625,000.
c. Cash payments for direct materials and direct labor are expected to be $246,500 and 573,100, respectively.
d. Budgeted cash payments for variable overhead is $340,000.
e. Budgeted depreciation, the only fixed overhead estimated for June: $24,000.
f. Cash selling and administrative expenses budgeted for June are $282,000.
g. Bank loan interest due in June: $8,000.
i. Loan payment of $50,000 should be made if the preliminary cash balance is greater than $200,000.

---

Definitions:

Langue

A term in linguistics introduced by Ferdinand de Saussure that refers to the abstract, systematic rules and conventions of a language, shared by a community.

Grammatical System

The set of structural rules governing the composition of clauses, phrases, and words in any given natural language.

Binary Oppositions

Pairs of contrasting concepts, such as light/dark or male/female, that are fundamental to some approaches in structuralist thought and analysis.

Langue

Langue is a term used in linguistics, referring to the abstract, systematic rules and conventions of a language, as opposed to parole, the actual use of language in context.