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Fedor, Inc. has prepared the following direct materials purchases budget: Budgeted DM Month Purchases June $68,000 July 80,000 August 77,500 September 78,600 October 79,000 All
Fedor, Inc. has prepared the following direct materials purchases budget: Budgeted DM Month Purchases June $68,000 July 80,000 August 77,500 September 78,600 October 79,000 All purchases are paid for as follows: 10% in the month of purchase, 40% in the following month, and 50% two months after purchase. Calculate total budgeted cash payments made in October for purchases. O A. $46,650 O B. $78,090 O C. $70, 190 O D. $39,340
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