Bramble Company's budgeted sales and direct materials purchases are as follows Budgeted Sales Budgeted D.M. Purchases...

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Bramble Company's budgeted sales and direct materials purchases are as follows Budgeted Sales Budgeted D.M. Purchases January $192,000 $28,800 February 211,200 34.560 March 240,000 36,480 Bramble's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale. 50% in the month following sale, and 36% in the second month following sale: 4% are uncollectible. Bramble's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March BRAMBLE COMPANY Schedule of Expected Collections from Customers Total collections > March $ $ (b) Prepare a schedule of expected payments for direct materials for March BRAMBLE COMPANY Schedule of Expected Payments for Direct Materials Total payments $ March Bramble Company's budgeted sales and direct materials purchases are as follows Budgeted Sales Budgeted D.M. Purchases January $192,000 $28,800 February 211,200 34.560 March 240,000 36,480 Bramble's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale. 50% in the month following sale, and 36% in the second month following sale: 4% are uncollectible. Bramble's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March BRAMBLE COMPANY Schedule of Expected Collections from Customers Total collections > March $ $ (b) Prepare a schedule of expected payments for direct materials for March BRAMBLE COMPANY Schedule of Expected Payments for Direct Materials Total payments $ March