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Business, 19.06.2020 08:57 eeeeee7891

Hagen Company’s budgeted sales and direct materials purchase are as follows. Budgeted Sales Budgeted D. M. Purchases
January $300000 $60000
February 330000 70000
March 350000 80000
Hagen’s sales are 40% cash and 60% 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. Hagen’s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchases, and 60% in the month following purchases.
Prepare a schedule of expected payments for direct materials for March.

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