a. Stampede Corporation pays for 45% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $78,000, while the company anticipates $82,000 of direct material purchases next month. b. Direct labor for the upcoming month is budgeted to be $35,000 and will be paid at the end of the upcoming month c. Manufacturing overhead is estimated to be 140% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $16,000 of depreciation on the plant and equipment d. Monthly operating expenses for next month are expected to be $48,000, which includes $2,500 of depreciation on office equipment and $1,600 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. e. Stampede Corporation will be making an estimated tax payment of $7,400 next month. Print Done