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Exercise 22-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on...

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Exercise 22-19 (Algo) Schedule of cash payments LO P2 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $88,000; May, $118,000; and June, $128,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $78,000 Prepare a schedule of cash payments for direct materials for April, May, and June. QS 22-24 (Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning cash balance on March 1,$81,000. b. Cash receipts from sales, $310,000. c. Cash payments for direct materials, $138,000. d. Cash payments for direct labor, $71,000. e. Cash payments for overhead, $42,000. f. Cash payments for sales commissions, $8,000 g. Cash payments for interest, $190(1% of beginning loan balance of $19,000) h. Cash repayment of loan, $19,000. Prepare a cash budget for March for Gado Company

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