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Bramble Compay's budgeted sales and direct materials purchases are ans follows Budgeted Budgeted D.M. Purchases Sales January $192.000 $28,800 February 211,200 34,560 March 240,000 36.480 Bramble's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale. 50% in the month following sale, and

Bramble Compay's budgeted sales and direct materials purchases are ans follows Budgeted Budgeted D.M. Purchases Sales January $192.000 $28,800 February 211,200 34,560 March 240,000 36.480 Bramble's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale. 50% in the month following sale, and

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 11CE: Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted...
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Bramble Company's budgeted sales and direct materials purchases are as follows Budgeted Sales Budgeted D.M. Purchases January $192,000 $28.800 February 211,200 34,560 March 240,000 36,480 Bramble's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale. 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Bramble's purchases are 50% cash and 50% on account. Purchases on account are paid 40x in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March BRAMBLE COMPANY Schedule of Expected Collections from Customers March %$4 Total collections (b) Prepare a schedule of expected payments for direct materials for March BRAMBLE COMPANY Schedule of Expected Payments for Direct Materials March Total payments
Transcribed Image Text:Bramble Company's budgeted sales and direct materials purchases are as follows Budgeted Sales Budgeted D.M. Purchases January $192,000 $28.800 February 211,200 34,560 March 240,000 36,480 Bramble's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale. 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Bramble's purchases are 50% cash and 50% on account. Purchases on account are paid 40x in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March BRAMBLE COMPANY Schedule of Expected Collections from Customers March %$4 Total collections (b) Prepare a schedule of expected payments for direct materials for March BRAMBLE COMPANY Schedule of Expected Payments for Direct Materials March Total payments
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