Question
Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $155,652, $193,630,
Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $155,652, $193,630, and $204,726, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,775 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. What are the cash payments for manufacturing in the month of June? Select the correct answer. $95,158 $155,652 $173,177
Kodder Company began its operations on March 3i of the current year. Projected manufacturing costs for the first three months of business are S55.652, $193.630, and $204.72b, respectively, for April. stay, and June. Depreciation, insaraner, and puperty taxes represent 5a87rs of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three fourths of the remainder of the manufacturing costs are expected to be paid in the mouth in which they are incurred, with the balance to be paid in the following month. o What are the cash payments for mar Mecturing in the month of June? Select the correct answer 0 595.158 $155,652 0$173177 $155 361Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started