ACCT 202 - 003/095 Mike Carman & 04/15/20 1:15 PM Homework: Chapter 9 Homework Save Score: 0 of 10 pts 4 of 6 (3 complete) HW Score: 38.08%, 20.94 of 55 pts E9-29A (similar to) E Question Help The Berkner Company is preparing its cash payments budget. The following terms relate to wash payments the company anticipates iraking during the second quarter of the upcoming year. (Click the icon to view the cash payment information.) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (If a box is not used in the table leave the box empty: do not enter a zero. i More Info The Berkner Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 50% of current month purchases 50% of last month's purchases June Quarter a. The company nay for 50% of its direct materials purchases in the month of purchase and the remainder the allowing month. The company's direct material purchases for March through June are anticipated to be as fol AS March April May June $ 112,000 $ 134,000 S 121,000 $ 145,000 b. Direct hors paid in the month in which it is incurtad. Dinc labor for each month of the second quarter is budgeird as follows: April May June $ 54,000 $ 61,000 $ 79,000 c. Manufacturing ove feed is estimated to be 100% of direct labor cost each month. This monthly estimate includes $39,000 of depreciation on the plant and equipment. All manufacturing averhead cxcluding cepreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are proached to be as follows: March April May June $ 77,000 S 87,000 $ 88,000 $ 68,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $14,000 for monthly depreciation an administrative offices and equipment, and 3.500 for bad dcat expense e. The company nlans to pay $4.000 (cash) for a new server in May. f. The company must make an estimated tax payment of $11.500 on June 15. Print Done Enter any number in the dit links and then click Check Answer 6 6 parts Clear All Conocek demover remaining Check Answer ACCT 202 - 003/095 Mike Carman & 04/15/20 1:15 PM Homework: Chapter 9 Homework Save Score: 0 of 10 pts 4 of 6 (3 complete) HW Score: 38.08%, 20.94 of 55 pts E9-29A (similar to) E Question Help The Berkner Company is preparing its cash payments budget. The following terms relate to wash payments the company anticipates iraking during the second quarter of the upcoming year. (Click the icon to view the cash payment information.) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (If a box is not used in the table leave the box empty: do not enter a zero. i More Info The Berkner Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 50% of current month purchases 50% of last month's purchases June Quarter a. The company nay for 50% of its direct materials purchases in the month of purchase and the remainder the allowing month. The company's direct material purchases for March through June are anticipated to be as fol AS March April May June $ 112,000 $ 134,000 S 121,000 $ 145,000 b. Direct hors paid in the month in which it is incurtad. Dinc labor for each month of the second quarter is budgeird as follows: April May June $ 54,000 $ 61,000 $ 79,000 c. Manufacturing ove feed is estimated to be 100% of direct labor cost each month. This monthly estimate includes $39,000 of depreciation on the plant and equipment. All manufacturing averhead cxcluding cepreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are proached to be as follows: March April May June $ 77,000 S 87,000 $ 88,000 $ 68,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $14,000 for monthly depreciation an administrative offices and equipment, and 3.500 for bad dcat expense e. The company nlans to pay $4.000 (cash) for a new server in May. f. The company must make an estimated tax payment of $11.500 on June 15. Print Done Enter any number in the dit links and then click Check Answer 6 6 parts Clear All Conocek demover remaining Check