Homework: Chapter 9 Homework Save Score: 0 of 2 pts 6 of 10 (2 complete) HW Score: 20%, 4 of 20 pts S9-12 (similar to) Question Help 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? More Info Stampede Corporation Cash Payments Budget Cash payments for direct materials: 45% of last month's purchases 55% of next month's purchases Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes a. Stampede Corporation pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $78.000, while the company anticipates $87,000 of direct material purchases next month. b. Direct labor for the upcoming month is budgeted to be $38,000 and will be paid at the end of the upcoming manth c. Manufacturing overhead is estimated to be 150% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $15,000 of depreciation on the plant and equipment d. Monthly operating expenses for next month are expected to be $48,000, which includes $2.900 of depreciation on office equipment and $1,100 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. e. Stampede Corporation will be making an estimated tax payment of $7,500 next month. Total cash payments Print Done Enter any number in the edit fields and then click Check Answer. ? All parts showing Clear All Check