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7) De-Lite, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases April $76,300 May 78,000 June 70,200 Purchases are paid: 40%
7) De-Lite, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases April $76,300 May 78,000 June 70,200 Purchases are paid: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Total payments in June for purchases A) $67,080 B) $46,630 C) $35,710 D) $74,710
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