Attachment # 00012367 - Part_Three_Template.docx

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Business Simulation Project – Part Three1. Total Cash Needed (11 points) – Make sure to explain your answers and round them to the nearest whole dollar.Variable Costs of 2,000 shirtsDirect Materials (t-shirts):Explanation:Labor Costs:Explanation:Transfer Paper:Explanation:Ink-jet cartridges:Explanation:Laser Paper:Explanation:Total cash needed for variable costs:Fixed Costs During 1st QuarterRent:Explanation:Artist’s Fee:Explanation:Computer & Printer:Explanation:Heat Press Machine:Explanation:Liability Insurance:Explanation:Total Cash Needed for Fixed Costs:Total Amount of Cash Needed on June 1st:2. Cash Budget for the first year ended May 31, 2023 (10 points)Cash Balance, June 1, 2022:Collections from Customers:Explanation:Total Cash Available before Disbursements:Less Disbursements for the following CASH paymentsManufacturing Costs:Explanation:Selling & Administrative Expenses:Explanation:Capital Expenditures:Explanation:Total Disbursements:Excess Cash at year end:Repayment of Loan:Explanation:Cash Balance, May 31, 2023:3. Direct Materials Budget (9 points)T-ShirtsTransfer PaperInk CartridgeQuantity Required for First Years’ SalesDesired Inventory, May 31, 2023Total Quantity of Materials NeededTotal Quantity of Materials to be Purchased**Unit (shirt, case, or cartridge) PriceTotal Cost of Direct Materials to be Purchased**Remember you CANNOT purchase a fraction of a case of paper or an ink cartridge