Fedor, Inc. has prepared the following direct materials purchases budget: All purchases are paid for as follows: 10% in the month of purchase, 40% in the following month, and 50% two months after purchase. Calculate total budgeted cash payments made in October for purchases.
A) $38,140
B) $70,470
C) $46,370
D) $77,490
Correct Answer:
Verified
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