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Please complete what's needed for the pink blank spaces. thanks. The following information is from the manufacturing budget and the budgeted financial statements of Schenck
Please complete what's needed for the pink blank spaces. thanks.
The following information is from the manufacturing budget and the budgeted financial statements of Schenck Development Partners. Compute the budgeted amounts for a. Purchases of direct materials during the year. b. Cash payments during the year to suppliers of materials. Exercise 23.1 Help Video: The Master Budget Schenck Development Partners Part A Direct material usage budgeted for the year Add: Budgeted direct materials inventory December 31 Total direct materials budgeted to be available Less: Direct materials inventory at January 1 Budgeted direct materials purchases for the year Part B Amount owed to suppliers at January 1 Add: Budgeted purchases of direct materials (part a) Total owed to suppliers during the year Less: Amount owed to suppliers at December 31 Budgeted cash payments to materials suppliers during the yearStep by Step Solution
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