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Help Save& Exit Ultravision Inc. anticipates sales of $380,000 from January through April Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of January. February, March, and Apr. Materials are paid for one month after the month purchased. Materials purchased in December o $68,000 in salesi Labor cossfor each of the four months are slighty different due to a provision in the labor contract last year were $34,000 (half of bonuses are paid in February and April. The labor figures are $24,000 27,000 24.000 29.000 January rebruary eBook pril Flxed overhead is $20,000 per month Prepare a schedule of cash payments for January through Aprl. (Assume the $380,000 of sales occur equaily over the four months of January through April, L.e. Monthly sales $380,000/4.) Ultravision inc. Cash Payment Schedule February Apri Montly material purchase Paymant so material purchases Monthly labor cost Monthly fxed overheard Total cash payments
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