The Brenneman Company's direct materials budget shows the total cost of direct materials purchases for January $125,000, February $150,000, and March $175,000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for March are
a. $160,000.
b. $165,000.
c. $130,000.
d. $150,000.
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