Prepare a schedule of cash payment for january through april

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Reference no: EM132035018

Ultravision, Inc., anticipates sales of $410,000 from January through April. Materials will represent 50 percent of sales and because of level production, material purchases will be equal for each month during the four months of January, February, March, and April.

Materials are paid for one month after the month purchased. Materials purchased in December of last year were $37,000 (half of $74,000 in sales).

Labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in February and April. The labor figures are:


January	$ 27,000
February	30,000
March	27,000
April	32,000

Fixed overhead is $23,000 per month.

Prepare a schedule of cash payments for January through April. (Omit the "tiny_mce_markerquot; sign in your response.)

ULTRAVISION, INC
Cash Payment Schedule

December	January	February	March	April
* Purchases	$	$	$	$	$
**Payment to material purchases
Labor
Fixed overhead

Total cash payments		$	$	$	$

Reference no: EM132035018

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