The Monachino Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year. LOADING...(Click the icon to view the cash payment information.) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (If a box is not used in the table leave the box empty; do not enter a zero.)
Prepare a cash payments budget for April, May, and June and for the quarter. (If a box is not used in the table leave the box empty; do not enter a zero.)
Requirement
Prepare a cash payments budget for April, May, and June and for the quarter. (If a box is not used in the table leave the box empty; do not enter a zero.)
More Info - X quarter is budgeted as follows: April May June $ 58,000 $ 68,000 $ 83,000 c. Manufacturing overhead is estimated to be 130% of direct labor cost each month. This monthly estimate includes $32,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: Print Done vork: HW #8 - Chapter 9 pts 6 of 6 (5 complete) HW Score: 7 - X More Info u. Ivoniniy operating expenses tor march througn June are projected to be as TOTOWS: March April May June $ 72,000 $ 89,000 $ 83,000 $ 94,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $9,000 for monthly depreciation on administrative offices and equipment, and $2,800 for bad debt expense. e. The company plans to pay $4,000 (cash) for a new server in May. Print Done FO Homework: HW #8 - Chapter 9 Score: 0 of 2 pts 6 of 6 (5 complete) HW Score E9-29A (S More Info - X second quarter (Click the i Requirement Prepare a cash March 72,000 April 89,000 May 83,000 June 94,000 $ $ $ $ Cash payment 50% of cur 50% of last Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $9,000 for monthly depreciation on administrative offices and equipment, and $2,800 for bad debt expense. e. The company plans to pay $4,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $13,500 on June 15. Enter any num Print Done parts remaining of 2 pts 6 of 6 (5 complete) HW Score: 72 More Info - X varter the i ment cash a. The company pays for 50% of its direct materials purchases in the month of purchase and the remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: ment of cur of last March April May June $ 110,000 $ 134,000 $ 125,000 $ 146,000 b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budaeted as follows: num Print Done ning The Monachino Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year. (Click the icon to view the cash payment information.) Requirement Cash payments for direct materials: 50% of current month purchases 50% of last month's purchases Enter any number in the edit fields and then click Check Answer. parts remaining Check Answer Clear All Previous Next s
