Fedor,Inc.has prepared the following direct materials purchases budget: All purchases are paid for as follows: 40% in the month of purchase,50% in the following month,and 10% two months after purchase.Calculate total budgeted cash payments made in October for purchases.

Question

Fedor,Inc.has prepared the following direct materials purchases budget:  All purchases are paid for as follows: 40% in the month of purchase,50% in the following month,and 10% two months after purchase.Calculate total budgeted cash payments made in October for purchases.

Quizplus · Accepted Answer

Payments in October:
For Oct. purchases
 11eb0def_7889_22c4_9431_df1ca2004634_TB6702_00 For Sept. purchases
 11eb0def_7889_22c5_9431_c1caf3165e54_TB6702_00 For Aug. purchases
 11eb0def_7889_22c6_9431_4fe7dcd0f05d_TB6702_00

Fedor,IncHas Prepared the Following Direct Materials Purchases Budget: All