Solution-Compute budgeted amount for purchases of direct

Compute budgeted amount for purchases of direct materials

Reference no: EM132681232

Question - 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 31 31,000

Direct material usage budgeted for the year 210,000

Accounts payable to suppliers of materials, January 1 50,000

Accounts payable to suppliers of materials, December 31 79,000

Required -

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.

Reference no: EM132681232

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Compute budgeted amount for purchases of direct materials

Reference no: EM132681232

Reference no: EM132681232

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