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Finch Company began its operations on March 31 of the current year. Finch has the following projected costs April May June Manufacturing costs (1) $158,000
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs April May June Manufacturing costs (1) $158,000 $195,000 $201.000 1,020 1,020 Insurance expense (2) Depreciation expense Property tax expense (3) 1,020 2,050 2,050 2050 460 460 460 (1) of the manufacturing costs, three-fourths are paid for in the month they are incurred: one-fourth is paid in the following month (2) Insurance expense is $1,020 a month; however, the insurance is paid four times yearly in the first month of the quarter, January, April, July, and October (3) Property tax is paid once a year in November The cash payments for Finch Company expected in the month of June are Oa $150,750 Ob. $199,500 Oc. $48,750 Od. $248,250
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