Homework answers / question archive / Marcel Company has the following projected costs for manufacturing and selling and administrative? expenses: Data Table   January IS THE FIRST ONE February IS THE SECOND ONE March IS THE THIRD ONE   Direct materials purchases $3,600 $4,400 $4,000   Direct labor costs 2,900 3,100 3,700   Depreciation on plant 300 300 300   Utilities for plant 550 550 550   Property taxes on plant 260 260 260   Depreciation on office 500 500 500   Utilities for office 630 630 630   Property taxes on office 160 160 160   Office salaries 2,500 2,500 2,500   All costs are paid in month incurred? except: direct? materials, which are paid in the month following the? purchase; utilities, which are paid in the month after? incurred; and property? taxes, which are prepaid for the year on January 2

Marcel Company has the following projected costs for manufacturing and selling and administrative? expenses: Data Table   January IS THE FIRST ONE February IS THE SECOND ONE March IS THE THIRD ONE   Direct materials purchases $3,600 $4,400 $4,000   Direct labor costs 2,900 3,100 3,700   Depreciation on plant 300 300 300   Utilities for plant 550 550 550   Property taxes on plant 260 260 260   Depreciation on office 500 500 500   Utilities for office 630 630 630   Property taxes on office 160 160 160   Office salaries 2,500 2,500 2,500   All costs are paid in month incurred? except: direct? materials, which are paid in the month following the? purchase; utilities, which are paid in the month after? incurred; and property? taxes, which are prepaid for the year on January 2

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Marcel Company has the following projected costs for manufacturing and selling and administrative? expenses:

Data Table

 

January IS THE FIRST ONE

February IS THE SECOND ONE

March IS THE THIRD ONE

 

Direct materials purchases

$3,600

$4,400

$4,000

 

Direct labor costs

2,900

3,100

3,700

 

Depreciation on plant

300

300

300

 

Utilities for plant

550

550

550

 

Property taxes on plant

260

260

260

 

Depreciation on office

500

500

500

 

Utilities for office

630

630

630

 

Property taxes on office

160

160

160

 

Office salaries

2,500

2,500

2,500

 

All costs are paid in month incurred? except: direct? materials, which are paid in the month following the? purchase; utilities, which are paid in the month after? incurred; and property? taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1.

 

Prepa.re a schedule of cash payments for Marcel for January?, February?, and March. Determine the balances in Prepaid Property? Taxes, Accounts? Payable, and Utilities Payable as of March 31. ?(If a box is not used in the table leave the box? empty; do not enter a? zero.)