a. The company pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: March S 117,000 S April 135,000 May S 125.000 June S 144.000 b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: April S 50,000 May June 60,000 S 75,000 c. Manufacturing overhead is estimated to be 140% of direct labor cost each month. This monthly estimate includes $31,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: March $ 76.000 $ April 84,000 May 88,000 June $ 91.000 Monthly operation cynoncer ar asid in the month after they are lacurcad Monthly anartina