A company has budgeted direct materials purchases of $400,000 in March and $350,000 in April.Past experience indicates
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A company has budgeted direct materials purchases of $400,000 in March and $350,000 in April. Past experience indicates that the company pays 60% of its purchases in the month of purchase and the remaining 40% in the following month. During the month of April the following items were budgeted:
Salary Expenses $200,000
Purchase of office equipment 40,000
Selling and administrative expenses 35,000
Depreciation expense 20,000
Calculate the Budgeted cash outlays for April .
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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