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Fedor, Inc. has prepared the following direct materials purchases budget: Budgeted DM Purchases Month June $67,000.00 July 77,000 August 79,000 September 79,500 October 72,000
Fedor, Inc. has prepared the following direct materials purchases budget: Budgeted DM Purchases Month June $67,000.00 July 77,000 August 79,000 September 79,500 October 72,000 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. OA. $36,700.00 OB. $68,550.00 OC. $76,450.00 OD. $47,650.00
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