Cidder Company began its operations on March 31 of this year.

 Projected manufacturing costs for the first three months of operations are $156,252, $193,645, and $211,465, respectively, for April, May, and June. Depreciation, insurance, and property taxes account for $27,466 of estimated monthly manufacturing costs. Insurance was paid on March 31st and property taxes will be due in November. Three-quarters of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.

What are the manufacturing cash payments for the month of June?

Answer rating: 100% (QA)

To calculate the manufacturing cash payments for the month of June we need to consid... View the full answer