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dsp73
3 years ago
8

No variable overhead is incurred or budgeted. The expected cash balance at the end of the current year is $3,500. Disbursements

other than for direct materials and direct labor are expected to occur in the quarter incurred. Fixed overhead expenses include $1,000 for depreciation. What is the budgeted excess or (deficiency) in cash flows at the end of the first quarter

Business
1 answer:
elena-s [515]3 years ago
8 0

Answer:

$23,000

Explanation:

The computation of the budgeted excess or (deficiency) in cash flows is shown below:-

Budgeted excess or (deficiency) in cash flows at the end of the first quarter =  Cash Inflows - Cash Outflows

=$60,000 - $25,000 - ($8,000 - $1,000) - $5,000

= $60,000 - $25,000 - $7,000 - $5,000

= $23,000

Therefore for computing the Budgeted excess or (deficiency) in cash flows at the end of the first quarter we simply applied the above formula.

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