Acmal Manufacturing Company is estimating the following raw material purchases for the last four months of the year: September.. October . November.. $850,000 $900,000 $810,000 $780,000 December. At Acmal, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. 61. How much cash should Acmal expect to pay out for raw material purchases during the month of November? A) $202,500 B) $832,500 C) $862,500 D) $877,500

Acmal Manufacturing Company is estimating the following raw material purchases for the last four months of the year: September.. October . November.. $850,000 $900,000 $810,000 $780,000 December. At Acmal, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. 61. How much cash should Acmal expect to pay out for raw material purchases during the month of November? A) $202,500 B) $832,500 C) $862,500 D) $877,500

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Description: Show the solution in good accounting form Acmal Manufacturing Company is estimating the following raw material purchases for thelast four months of the year:$850,000$900,000$810,000$780,000September..October ..November.December .At Acmal, 25% of raw

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12EA: Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the...

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