a. State rema antici a. Stately Corporation pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $79,000, while'the company anticipates $83,000 of direct material purchases next month. b. Direct labor for the upcoming month is budgeted to be $33,000 and will be paid at the end of the upcoming month c. Manufacturing overhead is estimated to be 160% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $13,000 of depreciation on the plant and equipment. d. Monthly operating expenses for next month are expected to be $43,000, which includes $2,000 of depreciation on office equipment and $1,500 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred e. Stately Corporation will be making an estimated tax payment of $7,400 next month