Bean Manufacturing Reported the Following Information for 2019 $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { October\quad November \quad December }$

Bean Manufacturing reported the following information for 2019: $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { October\quad November \quad December }$
$\text { Budgeted purchases } \quad \$ 240,000 \quad \$ 256,000 \quad \$ 288,000$ Operating expenses are: Salaries, $100,000; Depreciation, $40,000; Rent, $20,000; Utilities, $28,000

-Operating expenses are paid during the month incurred.
-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) $404,000
B) $148,000
C) $188,000
D) $444,000

Correct Answer:

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