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Please provide both steps and answers Avery Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view
Please provide both steps and answers
Avery Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Avery for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If an input field is not used in the table leave the input field empty; do not enter a zero.) Data Table |, Accou January February March $ 3,500 $ 4,100 $ 4,200 2,600 4,000 4,000 900 900 900 720 720 720 Direct materials purchases Direct labor costs Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries 140 140 140 200 200 200 320 320 320 190 190 190 3,000 3,000 3,000 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Print Done January February March Total Cash Payments Question Dircut Tutorials: Accounts Payable balance, January 1 JanuaryDirect material purchases paid in February FebruaryDirect material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Manufacturing Overhead: Total payments for manufacturing overhead Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Total cash payments Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Question Utilities PayableStep by Step Solution
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