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6. Armand Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a
6. Armand Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Armand for January February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If an input field is not used in the table leave the input field empty: do not enter a zero.) January Total February March 3700 4300 4400 Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March 3,700 4,300 3700 8000 8700 20400 Total payments for direct materials Direct Labor: 2,900 3,300 4,400 10,600 Total payments for direct labor Manufacturing Overhead: (1) (2) Total payments for manufacturing overhead Selling and Administrative Expenses: (3) (4) (5) Total payments for Selling and Admin. expenses Total cash payments Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Utilities Payable 1: Data Table Direct materials purchases January February March $ 3,700 $ 4,300 $ 4,400 2,900 3,300 4,400 Direct labor costs 450 450 450 440 440 440 140 140 140 Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries 500 500 500 550 550 550 100 100 100 4,000 4,000 4,000 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase, utilities, which are paid in the month after incurred and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1
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