Purchases of Direct Material for May Were $105,000,while Expected Purchases

question 98

Multiple Choice

Purchases of direct material for May were $105,000,while expected purchases for June and July are $120,000 and $134,000,respectively.All purchases are paid 75% in the month of purchase and 25% the following month.Calculate the budgeted payments for the month of June.

• A) $116,250
• B) $108,750
• C) $120,000
• D) $30,000

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