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Prepare melindas cash payments budget

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Maria Bockman, Bates & Hill Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter.

January February March Quarter
Budgeted purchase cost $16,738 $34,250 $30,258 $81,246

The company makes all of its direct materials purchases on account. Maria's recent review of the company's payment history revealed that the company pays for50% of its direct materials purchases in the month of purchase and50% in the month following purchase. The company expects to have an accounts payable balance of $13,500on January 1, and this amount represents the remaining payables from December's direct materials purchases.

Prepare Melinda's cash payments budget for the coming year.(Round answers to 0 decimal places, e.g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

Reference no: EM131754676

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