Bean Manufacturing Reported the Following Information for 2022 Operating Expenses Are: Salaries $100000; Depreciation $40000; Rent $20000; Utilities

Bean Manufacturing reported the following information for 2022: $$\text { Budgeted purchases } \quad \frac { \text { October } } { \$ 240,000 } \quad \frac { \text { November } } { \$ 256,000 } \quad \frac { \text { December } } { \$ 288,000 }$$ Operating expenses are: Salaries $100000; Depreciation $40000; Rent $20000; Utilities $28000
• 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) $404000
B) $148000
C) $188000
D) $444000

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free