Managerial Accounting (ACG 2071E) Fall 2019 kimberly adams & | 1177/19 12:53 PM Sty Save Homework: Chapter 22 HW Score: 0 of 1 pt 7 of 11 (9 complete) S22-10 (similar to) HW Score: 71.33%, 7.85 of 11 pts Question Help Yogi Company budgeted direct materials purchases of $191,100 in January and $138.420 in February. Assume Yogi pays for direct materials purchases 70% in the month of purchase and 30% in the month after purchase. The Accounts Payable balance on January 1 is $50,000 Prepare a schedule of cash payments for purchases for January and February. Round to the nearest dollar Begin by computing the total cash payments for direct materials for January and February. Then, compute the Accounts Payable balance at February 28. (Round all amounts you enter into the budget to the nearest whole dollar. If a box is not used in the table leave the box empty: do not enter a zero.) Cash Payments January February Total direct materials purchases 1911001 138420 Cash Payments Enter any number in the edit fields and then click Check Answer Check Answer part remaining Type here to search matx.com/studentyPlayerHomework.aspx?homeworkld=542630861&questionid=6... O Managerial Accounting (ACG 2071E) Fall 2019 kimberly adams & | 11/7/19 12:53 PM Homework: Chapter 22 HW Save 7 of 11 (9 complete) HW Score: 71.33%, 7.85 of 11 pts Score: 0 of 1 pt S22-10 (similar to) Question Help Yogi Company budgeted direct materials purchases of $191,100 in January and $138,420 in February. Assume Yogi pays for direct materials purchases 70% in the month of purchase and 30% in the month after purchase. The Accounts Payable balance on January 1 is $50,000 Prepare a schedule of cash payments for purchases for January and February. Round to the nearest dollar Total direct materials purchases 191100 138420 January February Cash Payments Direct Materials: Accounts Payable balance, January 1 Jan-Jan direct material purchases paid in Jan Jan-Jan direct material purchases paid in Feb Feb.-Feb direct material purchases paid in Feb Enter any number in the edit fields and then click Check Answer 1 part I remaining Check Answer Clear All Type here to search