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Materials are paid for one month after the month purchased. Materials purchased in December of last year were $40,000 (half of $80,000 in sales). Labor

image text in transcribed Materials are paid for one month after the month purchased. Materials purchased in December of last year were $40,000 (half of $80,000 in sales). Labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in February and April. The labor figures are: Fixed overhead is $26,000 per month. Prepare a schedule of cash payments for January through April. Note: Assume the $440,000 of sales occur equally over the four months of January through April, i.e. Monthly sales =$440,000 4. Input your answer as positive a value

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