(C) (Click the icon to view the cash payment inlermation) Reguirement For a. The company payn for 55% of its direct materials purchases in the month of purchase and the remainder the following month. The company's direct maferial purchases for Mlarch through June are anticipated to be as follows. for direct materials surrent month purchases ast month's purchases b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgoted as follows. c. Manufacturing overhead is estimated to be 130% of direct labor cost each month. This monthly estimate includes $39,000 of depreciotion 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 fellews Monthly operating expenses are paid in the monih after they are incurred. Monthly operating expenses include $15.000 for monthly depreciation on administrative offices and equipment, and $3,500 for bad debt expense. e. The company plans to pay $8,000 (cash) for a new servet in May. f. The company must make an estimated tax payment of $12,000 on June 15