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Here is my Data: a. StampedeStampede Corporation pays for 50 %50% of its direct materials purchases in the month of purchase and the remainder the

image text in transcribedHere is my Data:

a.

StampedeStampede

Corporation pays for

50 %50%

of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were

$ 71 comma 000$71,000,

while the company anticipates

$ 80 comma 000$80,000

of direct material purchases next month.

b.

Direct labor for the upcoming month is budgeted to be

$ 36 comma 000$36,000

and will be paid at the end of the upcoming month.

c.

Manufacturing overhead is estimated to be

160 %160%

of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes

$ 11 comma 000$11,000

of depreciation on the plant and equipment.

d.

Monthly operating expenses for next month are expected to be

$ 49 comma 000$49,000,

which includes

$ 2 comma 000$2,000

of depreciation on office equipment and

$ 1 comma 500$1,500

of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred.

e.

StampedeStampede

Corporation will be making an estimated tax payment of

$ 7 comma 600$7,600

next month.

Stampede Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: (Click the icon to view the data.) How much cash will be paid out next month? Stampede Corporation Cash Payments Budget Cash payments for direct materials: 50% of last month's purchases 50% of next month's purchases Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes Total cash payments

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