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Calculate total budgeted cash payments made in oct

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Reference no: EM132590410

Fedor, Inc has prepared the following direct materials purchases budget:

                Budgeted DM Purchases
Month.

June.             $68,000
July.              74,500
August.         79,000
Sept.           79,800
Oct.             78,000

Question 1: All purchases are paid for as follows: 10% in the month of purchase, 40% in the following month, and 50% two months after purchase. Calculate total budgeted cash payments made in Oct for purchases.

A) $71,420
B) $79,220
C) $47,300
D) $39,720

Reference no: EM132590410

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