5. Cash Flow Activity: Using the blank pro forma below create an accurate cash flow forecast for Chris's IT at Home Business using the following information.
(40 marks)
.
Chris will have an opening bank balance at the 1st August 2016 of $350
.
Chris expects his Sales Income for August will be $1000, September & October $1250;
November $1700 and December $3000. There will be no further cash inflows.
The Cash Outflows will be:
Raw Materials of computer parts will be 50% of the projected Sales income
.
He will have rent to pay and will cost $300 every month
2
+

The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.