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will upvote! thats all the information lmao a. The company pays for 55% of its direct materials purchases in the month of purchase and the
will upvote! thats all the information lmao a. The company pays for 55% 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: March April May June $ 117,000 $ 134,000 $ 126,000 $ 143,000 b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: April May June $ 58,000 $ 68,000 $ 83,000 c. Manufacturing overhead is estimated to be 160% 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: Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payments for new server Cash payment for taxes Total cash payments The Anderson Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 50% of current month purchases 50% of last month's purchases June Quarter
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