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Bramble Company's budgeted sales and direct materials purchases are as follows: Budgeted Sales Budgeted Direct Materials Purchases January $185,000 $28,000 February 196,000 39,000 March 304,000

Bramble Company's budgeted sales and direct materials purchases are as follows:

Budgeted Sales

Budgeted Direct Materials Purchases

January

$185,000 $28,000

February

196,000 39,000

March

304,000 47,000

Bramble's sales are 40% cash and 60% credit. It collects credit sales 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. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase.

Prepare a schedule of expected collections from customers for March.

BRAMBLE COMPANY Schedule of Expected Collections from Customers For the Month Ending March 31, 2022

Januarycredit sales

$enter a dollar amount

Februarycredit sales

enter a dollar amount

Marchcash sales

enter a dollar amount

Marchcredit sales

enter a dollar amount

Total expected collections from customers

$enter a total amount

Question Part Score

--/5

Prepare a schedule of expected payments for direct materials for March.

BRAMBLE COMPANY Schedule of Expected Payments for Direct Materials For the Month Ending March 31, 2022

Februarycredit payments

$enter a dollar amount

Marchcash payments

enter a dollar amount

Marchcredit payments

enter a dollar amount

Total expected payments

$enter a total amount

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