Cash Payments Schedule Fein Company provided the following information relating to cash payments: a. Feln purchased direct materials on account in the following amounts: June $68,000 July 77,000 August 73,000 b. Feln pays 20% of accounts payable in the month of purchase and the remaining 80% in the following month. c. In July, direct labor cost was $34,300. August direct labor cost was $35,400. The company finds that typically 90% of direct labor cost is paid in cash during the month, with the remainder paid in the following month. d. August overhead amounted to $76,200, including 56,350 of depreciation e Fein had taken out a 4-month loan of $16,000 on May 1. Interest, due with playment of principal, accrued at the rate of 9% per year. The loan and all interest were repaid on August 31 (Note: Use whole months to compute interest payment.)