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Craig Manufacturing Company's budgeted income statement includes the following data: Data extracted from budgeted income statement Mar Apr May Jun Sales $120,000 $90,000 $95,000 $100,000

Craig Manufacturing Company's budgeted income statement includes the following data:


Data extracted from budgeted income statement

Mar

Apr

May

Jun

Sales

$120,000

$90,000

$95,000

$100,000

Commission expl. -15% of sales

18,000

13,500

14250

15000

Salary exp

30,000

30,000

30,000

30,000

Miscellaneous expense -4% of sales

4,800

3,600

3,800

4,000

Rent expense

3,600

3,600

3,600

3,600

Utility expenses

1,900

1,900

1,900

1,900

Insurance expense

2,100

2,100

2,100

2,100

Depreciation expense

4,400

4,400

4,400

4,400











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 salary expenses are paid in the month incurred and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense and utility expenses are assumed to be paid in the same month in which they are incurred. Insurance was prepaid for the year on January 1.


Required:

How much is the total of the budgeted cash payments for operating expenses for the month of April?

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