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Question 12 (1.5 points) X Company has the following information from its purchases budget, payroll budget and capital expenditures budget. Budgeted Capital Inventory Month Purchases
Question 12 (1.5 points) X Company has the following information from its purchases budget, payroll budget and capital expenditures budget. Budgeted Capital Inventory Month Purchases Payroll Expenditures Depreciation January 80,000 $40,000 $10,000 February100,000 $50,000 $12,000 March 15,000 $15,000 $15,000 70,000 $60,000 $14,000 The company pays for all of its purchases of inventory in the month following the purchase. It pays 50% of its payroll in the month the wages are earned and 50% in the next month and it pays for all captial expensd itures in the month of the purchase. Compute the total budgeted accounts payable and wages payable on February 28. obs Do use any dollar signs or commas. For example, enter $18,000 as 18000 Save
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