Problem 23-4A Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2014 are: January February Sales $349,600 $399,900 Direct materials purchases 110,700 130,700 Direct labor 89,820 100,610 Manufacturing overhead 69,990 74,910 Selling and administrative expenses 79,280 85,630 All sales are on account. Collections are expected to be […]