Yandell Company budgeted direct materials purchases of $191.440 in January and $138.840 in February. Assume Yandell pays for direct materials purchases 60% in the month of purchase and 40% in the month after purchase. The Accounts Payable balance on January 1 is $20.000. Prepare a schedule of cash payments for purchases for January and February, including the calculation for the Accounts Payable balance on February 28. Round to the nearest dollar. Begin by computing the total cash payments for direct materials for January and February. Then, compute the Accounts Payable balance at February 28. (Round all amounts you enter into the budget to the nearest whole dollar. If an input field is not used in the table leave the input field empty, do not enter a zero.) Cash Payments Total direct materials purchases Cash Payments Direct Materials Accounts Payable balance, January 1 Jan-Jan. direct material purchases paid in Jan. Jan-Jan. direct material purchases paid in Feb Feb.-Feb. direct material purchases paid in Feb Total payments for direct materials January January February February

The selling and administrative expense budget of Garney Corporation is based on the number of units sold, which are budgeted to be 4,500 units in October. The variable selling and administrative expense is $6.50 per unit. The budgeted fixed selling and administrative expense is $28,080 per month, which includes depreciation of $11,520. The remainder of the fixed selling and administrative expense represents current cash flows. Required: Prepare the selling and administrative expense budget for October. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole number. Fixed selling and administrative expense Total selling and administrative expense Cash disbursements for selling and administrative expenses October S 0 0

Assume a company's sales budget for July estimates 17,000 units sold. The variable selling and administrative expense used for budgeting purposes is $4.00 per unit sold. The total budgeted cash disbursements for selling and administrative expenses in July is $139,000. The total fixed selling and administrative expenses included in the selling and administrative expense budget for July is $100,000. What is the amount of depreciation included in the selling and administrative expense budget for July? Multiple Choice O OOO $14,000 $32,000 $29,000 $47,000

Prepare the following budgets for the months of April, May, and June: 1. Sales budget. 2. Production budget.3. Direct materials budget. The management of Zigby Manufacturing prepared the following balance sheet for March 31.  ZIGBY MANUFACTURING Balance Sheet March 31 Assets     Liabilities and Equity     Cash   $ 65,000 Liabilities     Accounts receivable   399,000 Accounts payable $ 204,500   Raw materials inventory   90,200 Loan payable 27,000   Finished goods inventory   308,028 Long-term note payable 500,000 $ 731,500 Equipment $ 630,000   Equity     Less: Accumulated depreciation 165,000 465,000 Common stock 350,000         Retained earnings 245,728 595,728 Total assets   $ 1,327,228 Total liabilities and equity   $ 1,327,228  To prepare a master budget for April, May, and June, management gathers the following information.  Sales for March total 22,800 units. Budgeted sales in units follow: April, 22,800; May, 16,000; June, 23,000; and July, 22,800.…