e the box emply, do not enter a zero.) i More Info a. The company pays for 45% 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 April May June $ 110,000 $ 133,000 $ 120,000 $ 141.000 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 May June $ 60.000 $ 70,000 $ 85,000 c. Manufacturing overhead is estimated to be 150% of direct labor cost each month. This monthly estimate includes $36,000 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 April May June $ 76,000 $ 89,000 $ 84,000 $ 91.000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $11,000 for monthly depreciation on administrative offices and equipment, and $3,000 for bad debt expense. e. The company plans to pay $6,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $13,000 on June 15 Print Done Clear All Requiremen Prepare a cash payments budget for April, May, and June and for the quarter. The Monachino Company Cash Payments Budget For the Months of April through June April May June Quarter Cash payments for direct materials: 45% of current month purchases 55% of last month's purchases 241 Uses of Accounting Information 11 (1) omework: HW #8 - Chapter 9 core: 0 of 2 pts 6 of 6 (1 complete) E9-29A (similar to) The Monachine Company is preparing is cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year. Co the toto view the cash payment information) Requirement Prepare a cash payments toget for Apr May, and June and for the quarter. (bar la not used in the table leave the box empty, do not enter a zero) The Monaching Company Cash Payments Budget For the Month of April through June Aprili May June Quarter Che form mon's purch