Purchases of direct material for May were $105,000,while expected purchases for June and July are $120,000 and $134,000,respectively.All purchases are paid 75% in the month of purchase and 25% the following month.Calculate the budgeted payments for the month of June.
A) $116,250
B) $108,750
C) $120,000
D) $30,000

Question

Quizplus · Accepted Answer

Calculation of budgeted payment for the month of June:
 11ea8873_d530_72c4_bb89_699b803dc2b1_TB5026_00

Purchases of Direct Material for May Were $105,000,while Expected Purchases