Cash Payments Sthedule

Fein Campany provided the following information relating to cash payenents:

a$.$ Fein purchased direct materibls on account in the following amouncs:

June

$$65,000$

July

$77,000$

August

$73,000$

b$.$ Fein parys $20\%$ of ectouncs paysble in the month of purchase snd the remaining $80\%$ in the following manth.

c$.$ In July, direct labor cost was $535,300.$ August direct labor cost was $$35,400.$ The company finds that typically $90\%$ of direct labor cost is paid in cash doring the month, with the recminder paid in the following month.

d$.$ August, overtead amounted to $$71,200,$ including $$5,350$ of deprecimion.

d$.$ Augus, overtesd amourled to $$71,200,$ incuding $$5,350$ of depreciatiof. August $31.($Noce: Use whole months to corrpute interest payment.$)$

Required:

Prepare a schedule of cash payments for Fein Compsy for the month of August. Be sure to enter percentages as whole numbers.

Fein Company

Schedule of Cash Payments

For August

Mugust

Payments on sccounts payabie:

from July purchases