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Imagine, Inc. has prepared the following direct materials purchases budget: Month. Budgeted DM Purchases June. 68,000 July. 73,000 August. 78,400 September. 76,000 October. 74,800 All
Imagine, Inc. has prepared the following direct materials purchases budget: Month. Budgeted DM Purchases June. 68,000 July. 73,000 August. 78,400 September. 76,000 October. 74,800 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. $37,760 B. $46,090 C. $76,010 D. S68.170
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