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Hi can you please answer the prior month payment, total payment for materials and total cash payments thanks. The frince Abert Corporation has fotecast the

image text in transcribedHi can you please answer the prior month payment, total payment for materials and total cash payments thanks.
The frince Abert Corporation has fotecast the following sales for the first seven months of the year Manithly matenal purchases are set cqual to 25 percent of forecasted sales for the next mocth of the fotal material costs, 30 percent are paid in the month of purchase and 70 percent art paid in the foliowing month Labour costs wil run $5,700 per manth, and fixed overhead is $10,500 per month interest payments on the deth will be $4 joo for bott March and Jure Finally, the Prince Abert sales people will receive a 15 percent cormmistion on total soles for the first six months of the yeat, to be paid on June 30 Prepare a inonthly sumnary of cash payments for the skimonitis fiom January through June Note Compuse prior December purchases to help get total material payments for January)

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