Question: The frince Albert Corgocation has forecass the folowing sales for the first seven months of the year. Monthly macetial purchases are set equal to 20

 The frince Albert Corgocation has forecass the folowing sales for the

The frince Albert Corgocation has forecass the folowing sales for the first seven months of the year. Monthly macetial purchases are set equal to 20 percent of forecasted sales for the nex month or the total mateial costs; 30 percent are paid in the month of purchase and 70 percent are paid in the following month Labour costs will run $4,600 per month, and fired overthead is $5.000 per month. Intesest payments on the debt will be $3.600 sor both March and June. Finally. the Prince Abert sales people will receive a 10 percent commission on total sales fon the first sox months of the year, to be paid on June 30 Prepare a monthly summary of cash payments for the six months from Jancary through June. Note: Compute prioe December purchases to heip get totat material payments for Januscy

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