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Fedor, Inc. has prepared the following direct materials purchases budget: Month June Budgeted DM Purchases July August September $69,000 73,000 76,600 77,800 79,200 October
Fedor, Inc. has prepared the following direct materials purchases budget: Month June Budgeted DM Purchases July August September $69,000 73,000 76,600 77,800 79,200 October All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate total budgeted cash payments made in October for purchases. A. $70,580 B. $39,340 C. $46,560 D. $78,240
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