Fedor,IncHas Prepared the Following Direct Materials Purchases Budget All Purchases Are Paid for as Follows: 10% in the Month

question 58

Multiple Choice

Fedor,Inc.has prepared the following direct materials purchases budget: $\begin{array}{|l|r|}\hline\text { Month } & {\begin{array}{c}\text { Budgeted DM } \\\text { Purchases }\end{array}} \\\hline \text { Tune } & \$ 68,000 \\\hline \text { Iuly } & 79,500 \\\hline \text { August } & 78,700 \\\hline \text { September } & 77,800 \\\hline \text { October } & 70,200 \\\hline\end{array}$ All purchases are paid for as follows: 10% in the month of purchase,40% in the following month,and 50% two months after purchase.Calculate total budgeted cash payments made in October for purchases.

• A)$38,140
• B)$70,470
• C)$46,370
• D)$77,490

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Definitions:

Minimum Wage

The lowest wage, either by government regulation or by union contract, that an employer may pay an hourly worker.

Federal Minimum Wage

The lowest legal hourly pay for most workers in the United States, set by federal law.

Long-Term Employment

Long-term employment refers to a work arrangement where an individual is employed by the same company or organization for a lengthy period, suggesting stable and continuous work history.

Fraud

Intentional deception made for personal gain or to damage another individual.