Part 2
Lynbrook is also preparing its master budget for the quarter ended June 30, 2024.
Budgeted sales and cash payments for product costs for the quarter follow:
April
May
June
Budgeted sales
$64,000
$80,000
$48,000
Budgeted cash payments for
Direct materials
16,160
13,440
13,760
Direct labor
4,040
3,360
3,440
Factory overhead
20,200
16,800
17,200
Sales are 20% cash and 80% on credit.