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B. Use the below information to: a. Prepare a cash disbursements schedule for March, April and May b. What is the total cash disbursed in
B. Use the below information to: a. Prepare a cash disbursements schedule for March, April and May b. What is the total cash disbursed in a) March, b) April, and c) May? Wright Lighting Fixtures forecasts its production needed to meet expected sales in units for the next four months as follows: February March April May 8,000 13,000 7,000 5,000 Materials cost $7 per unit and are paid for in the month after production. Labor cost is $3 per unit and is paid for in the month incurred. Fixed overhead is $10,000 per month. Dividends of $14,000 are to be paid in May. The firm produced 8,000 units in February. Complete a production schedule and a summary of cash payments for March, April, and May. Remember that production in any one month is equal to sales plus desired ending inventory minus beginning inventory
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