Homework Answers
Cash disbursements for August
= (470,000*70%) + (310,000*30%) + wages 100,000 + Purchase of office equipment 67,000 + selling and administrative expenses 44,000
= 329,000 + 93,000 + 100,000 + 67,000 + 44,000
= 633,000
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Multiple Choice Question 110 A company has budgeted direct materials purchases of $310000 in July and...
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ABC Company’s raw materials purchases for June, July, and August
are budgeted at $46,000, $36,000, and $61,000, respectively. Based
on past experience, ABC expects that 40% of a month’s raw material
purchases will be paid in the month of purchase and 60% in the
month following the purchase.
Required:
Prepare an analysis of cash disbursements from raw materials
purchases for ABC Company for August.
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