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Author Question: FirstState Manufacturing is preparing its cash payments budget for the coming month. The following ... (Read 92 times)

123654777

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on: Jan 5, 2020
FirstState Manufacturing is preparing its cash payments budget for the coming month.  The following information pertains to the cash payments:
a.  FirstState Manufacturing pays for 60% of its direct materials purchases in the month of
purchase and the remainder the following month.  Last month's direct material purchases were $40,000, while FirstState Manufacturing anticipates $45,000 of direct material purchases this coming month.
b.  Direct labour for the upcoming month is budgeted to be $25,000 and will be paid at the end of
the upcoming month.
c.  Overhead is estimated to be 150% of direct labour cost each month and is paid in the month in
which it is incurred.  This monthly estimate includes $8,000 of depreciation on the plant and equipment.
d.  Monthly operating expenses for next month are expected to be $27,500, which includes $1,500
of depreciation on office equipment and $2,000 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred.
e.  FirstState Manufacturing will be making an estimated tax payment of $6,000 next month.

Required:
Prepare a cash payments budget for the month.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by 123654777 on Jan 5, 2020

ms_sulzle

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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123654777

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Reply 2 on: Jan 5, 2020
:D TYSM

Jossy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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