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Oriole Company's budgeted sales and direct materials purchases are as follows: Oriole's sales are 30 cash and 70x credit. Credit sales are collected 10x in

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Oriole Company's budgeted sales and direct materials purchases are as follows: Oriole's sales are 30 cash and 70x credit. Credit sales are collected 10x in the month of sale, 50 . in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Oriole's purchases are 5086 cash and 50% on account. Purchases on account are paid 40% in the month of purchase. and 60 os in the month following purchase. (b) Prepare a schedule of expected payments for direct materials for March

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