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zheka24 [161]
3 years ago
5

Maris Bothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given below, and

the following information in its preparation.Sales: February $501,000, March $517,000, April $572,000, May $634,000, June $648,000, July $635,000Purchases: Purchases are calculated as 63% of the next month's sales. 10% of purchases are made in cash, 47% of purchases are paid for 1 month after the purchase, and the remaining 43% of purchases are paid for 2 months after the purchase.Rent: The firm pays rent of $8,050 per month.Wages and salaries: Base wage and salary costs are fixed at $6,300 per month plus a variable cost of 6.9% of the current month's sales.Taxes: A tax payment of $54,600 is due in June.Fixed asset outlays: New equipment cost $75,300 will be bought and paid for in April.Interest payment: An interest payment of $29,600 is due in June.Cash dividends: Dividends of $12,100 will be paid in April.Principal repayments and retirements: No principal repayments or retirements are due during these months.Prepare the cash disbursements schedule for Maris Brothers, Inc.
Business
1 answer:
vaieri [72.5K]3 years ago
3 0

Answer:

I have prepared the cash disbursement schedule as requested,find it in the attached excel template.

Explanation:

Kindly note that data for other months whose cash disbursements are not required such February ,March and July had impact on the schedule one way or other,hence they are shown in the computation.

In addition, I have color blue to lay emphasis on the three months requested for.

Download xlsx
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Answer:

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Given that,

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Efficiency variance for materials = 2,000 + 38,000

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