A manufacturing company's budgeted income statement includes the following data:
←
Data extracted from budgeted
income statement
Sales revenue
Commission expense (10% of
sale)
Salaries expense
Miscellaneous expense-5% of
sales
Rent expense
Ulities expense
Insurance expense
Depreciation expense
Mar
$120,000
12,000
33,000
6,000
3,700
2,000
2,900
4,500
Jun
Apr May
$90,000 $130,000 $110,000
9,000 13,000
33,000 33,000
4,500
3,700
2,000
2,900
4,500
6,500
3,700
2,000
2,900
4,500
11,000
5,500
3,700
2,000
2,900
4,500
The budget assumes that 60% of commission expenses are paid in the month they were incurred, and the remaining 40% are paid one month later. In addition, 50%
of salaries expenses are paid in the month incurred and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses
are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1. How much is the total of the budgeted cash?