I Cant Find Where My Budgeted Raw Materials Purchases Are In The Question There (1)
I cant find where my budgeted raw materials purchases are in the question. There is another paper we are given with info I will type it out.
“Of the raw materials purchases, 80% is paid for during the month purchased and 20% is paid in the following month. Raw materials purchases for march 1 totaled $2000. All other operating cost are paid during the month incurred. Monthly fixed manufacturing overhead includes $150 in depreciation. During April Iguana plans to pay $3000 for a piece of equipment”