ments the company anticipates making during the second quarter of the upcoming year The Monachino Company is preparing its cash payments budget. The fol (Click the icon to view the cash payment information Requirement Prepare a cash payments budget for April May, and June and for the quarter table leave the box amply do not entera 200) More info The Monaching Company Cash Payments Budget For the Months of April through June April May June cash payment for drac materials 45% of current month purchases 55% last month's purch a. The company for 45 de 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 $ 112,000 5 134.000 $ 125.000 $ 145,000 b. Direct laboris paid in the month in which it is incurred Direct labor for each month of the second quarter is budged as follows April May June 60.000 7 0.000 $ 85,000 c. Manufacturing overhead is estimated to be 140% of direct labor cost each month This monthly estimate includes $34.000 of depreciation on the plant and equipment Al manufacturing overhead (excluding depreciation) is paid in the month in which it is ncurred d. Monthly operating expenses for March through June are projected to be as follows: March April May June S 77.000 86.000 87000 95.000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include S 00 for monthly depreciation on administrative offices and equipment and 3.100 for bad debt expense e. The company plans to pay $8.000 (cash) for a new server in May. 1The company m a ke an estimated tax payment of $14.000 on June 15 Print Done Enfier aty number in the edities and then click check