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Winslow Company expects sales of its financial calculators to be $186,000 in the first quarter and $239,000 in the second quarter. Its variable overhead is
Winslow Company expects sales of its financial calculators to be $186,000 in the first quarter and $239,000 in the second quarter. Its variable overhead is approximately 16 percent of sales, and fixed overhead costs are $52,000 per quarter. Compute Winslow's manufacturing overhead budget for the first two quarters. 1st Quarter 2nd Quarter Budgeted manufacturing overhead Lindell Company made direct material purchases of $52,000 and $64,000 in September and October, respectively. The company pays 60% of its purchases in the month of purchase and 40% is paid in the following month. How much cash was paid for purchases in October? Cash paid for purchases in October
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