Monty, Inc. has budgeted direct materials purchases of $425,000 in March and $500,000 in April. The company policy is to pay for 60% of purchases in the month of purchase and the remaining 40% in the next month. Other expenses are paid during the month when incurred. During April, the following items were budgeted: Salaries and wages expense $134,000 Purchase of office equipment 260,000 Selling and administrative expenses 129,000 Depreciation expense 21.000 Compute budgeted cash disbursements for April. Budgeted cash disbursements for April $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Monty, Inc. has budgeted direct materials purchases of $425,000 in March and $500,000 in April. The company policy is to pay for 60% of purchases in the month of purchase and the remaining 40% in the next month. Other expenses are paid during the month when incurred. During April, the following items were budgeted: Salaries and wages expense $134,000 Purchase of office equipment 260,000 Selling and administrative expenses 129,000 Depreciation expense 21.000 Compute budgeted cash disbursements for April. Budgeted cash disbursements for April $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 45BEB: Pilsner Inc. purchases raw materials on account for use in production. The direct materials...

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