Bean Manufacturing Reported the Following Information for 2016 $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { October } \quad \text { November }\quad \text { December }$

Bean Manufacturing reported the following information for 2016: $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { October } \quad \text { November }\quad \text { December }$
$\text { Budgeted purchases } \quad \$ 240,000 \quad \$ 256,000 \quad\quad \$ 288,000$ Operating expenses are: Salaries $100000; Depreciation $40000; Rent $20000; Utilities $28000
$\bullet$ Operating expenses are paid during the month incurred.
$\bullet$ Accounts payable is used only for inventory acquisitions.
How much is the budgeted amount of cash to be paid for operating expenses in November?

A) $404000
B) $148000
C) $188000
D) $444000

Correct Answer:

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