Bristol Appliances is a manufacturer of kitchen appliances. It has budgeted direct materials purchases of $120,000 in May and $180,000 in June. Past experience indicates that Bristol pays for 75% of its purchases in the month of purchase and the remaining 25% in the next month. In addition to direct materials, the following items were budgeted for June: Expense Item Wages expense Purchase of office equipment Amount ($) 60,000 28,000 Operating expenses (paid as incurred) 18,000 Depreciation expense 14,000 What are the budgeted cash disbursements for June?

Bristol Appliances is a manufacturer of kitchen appliances. It has budgeted direct materials purchases of $120,000 in May and $180,000 in June. Past experience indicates that Bristol pays for 75% of its purchases in the month of purchase and the remaining 25% in the next month. In addition to direct materials, the following items were budgeted for June: Expense Item Wages expense Purchase of office equipment Amount ($) 60,000 28,000 Operating expenses (paid as incurred) 18,000 Depreciation expense 14,000 What are the budgeted cash disbursements for June?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 45BEB: Pilsner Inc. purchases raw materials on account for use in production. The direct materials...

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