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anastassius [24]
3 years ago
14

a. Cash production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which the

y are incurred and the balance in the following month. Selling and administrative expenses (all paid in cash) amount to $60,000 per month. The accounts payable balance on March 31 totals $96,000, all of which will be paid in April. Prepare a schedule for each month showing budgeted cash disbursements for Edwards Company. b. Assume that all units will be sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale and the remaining 10% in the second month following the month of sale. Accounts receivable on March 31 totaled $255,000 $(45,000 from February's sales and the remainder from March.) Prepare a schedule for each month showing budgeted cash receipts for Edwards Company.
Business
1 answer:
Black_prince [1.1K]3 years ago
7 0

Answer:

150,000

Explanation:

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