Exercise $23\mathrm{.}1($Algo$)$ Budgeting Purchases and Cash Payments $($LO$23-4,$ LO$23-5)$

The following information is from the manufacturing budget and the budgeted financial statements of Schenck Development Partners.

Direct materials inventory, January $1$ $ $68,000$

Direct materials inventory, December $3149,000$

Direct material usage budgeted for the year $160,000$

Accounts payable to suppliers of materials, January $150,000$

Accounts payable to suppliers of materials, December $3179,000$

a$.$ Compute the budgeted amount for purchases of direct materials during the year.

b$.$ Compute the budgeted amount for cash payments during the year to suppliers of materials.